Barclays analyst Eric Morgan raised the firm’s price target on Heartland Express (HTLD) to $9 from $8 and keeps an Underweight rating on the shares. The firm adjusted targets in the transportation group as part of a Q4 preview. Truckload rate improvement is encouraging, but the core freight volume recovery is still “hazy,” the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTLD:
- Heartland Express names Joshua Helmich Chief Administrative Officer
- Heartland Express upgraded to Outperform from Neutral at Baird
- Heartland Express Declares Ninetieth Consecutive Quarterly Cash Dividend
- Heartland Express Announces CFI Integration Plan
- Heartland Express to integrate CFI’s U.S. operations into Heartland Express