Marten Transport downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded Marten Transport to Market Perform from Outperform without a price target As rate cuts take root and freight markets inflect, Marten’s defensive posturing is set to be at a disadvantage in the coming quarters given its lack of debt and contract-centric book of business, the analyst tells investors in a research note. The firm would classify Marten Transport as one of the latest cycle beneficiaries in its coverage group.