PAMT Corp price target raised to $13 from $12.50 at Stephens

Stephens analyst Daniel Imbro raised the firm’s price target on PAMT Corp (PAMT) to $13 from $12.50 and keeps an Equal Weight rating on the shares. Results reflected continued demand pressure, particularly in the automotive OEMs’ unplanned downtime in the second quarter, says the analyst, who believes this has improved into Q3, but still expects minimal help from rates this year.