Barclays raised the firm’s price target on Heartland Express (HTLD) to $12 from $10 and keeps an Underweight rating on the shares. The firm says truckload spot rates were sequentially stable week-over-week and up 25% from last year. Incremental demand indicators are favorable, the analyst tells investors in a research note. Barclays updated Heartland’s estimates after the company’s Q1 came in ahead of its forecast driven by lower operating expenses.
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Read More on HTLD:
- Heartland Express price target raised to $10 from $9 at JPMorgan
- Heartland Express price target raised to $12 from $11 at UBS
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