Proficient Auto Logistics price target lowered to $12 from $15 at Barrington

Barrington lowered the firm’s price target on Proficient Auto Logistics (PAL) to $12 from $15 and keeps an Outperform rating on the shares. The firm reduced its near-term adjusted EBITDA estimates following last night’s “roughly in line” Q1 results. Despite the impact of tariffs on imported volume and slowing sales, management is projecting sequential quarterly total revenue growth in the high-single digits and improved profitability in Q2, the analyst tells investors in a research note.