PAMT Corp price target lowered to $16.50 from $19 at Stephens

Stephens lowered the firm’s price target on PAMT Corp (PAMT) to $16.50 from $19 and keeps an Equal Weight rating on the shares. PAMT reported a Q4 adjusted EPS miss, driven by continued challenges in the truckload market and more significant operating ratio deleverage due to lower tractor productivity, the analyst tells investors. The firm’s 2025 and 2026 estimates have come down as it assumes a slower recovery in productivity and cost leverage, the analyst added.