Baird upgraded Heartland Express (HTLD) to Outperform from Neutral with a price target of $12, up from $8. The firm says the company “stands apart” as the only truckload carrier that operates exclusively in the irregular route over-the-road market segment. Baird cites its more constructive view of the segment for the upgrade. The firm sees growing evidence of tighter supply in the irregular route over-the-road market.
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