Barclays raised the firm’s price target on Heartland Express to $11 from $10 and keeps an Underweight rating on the shares post the Q2 report. The analyst says excess truckload capacity continues to weigh on Heartland’s results, and management does not see a favorable inflection materializing prior to 2025 despite some modest seasonal demand improvement in the quarter.
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Read More on HTLD:
- Heartland Express reports Q2 EPS (4c), consensus (6c)
- HTLD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Heartland Express downgraded to Neutral from Buy at UBS
- Heartland Express downgraded to Underweight from Neutral at JPMorgan
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