Proficient Auto Logistics price target lowered to $18 from $21 at Stifel

Stifel lowered the firm’s price target on Proficient Auto Logistics to $18 from $21 and keeps a Buy rating on the shares. Proficient pre-announced a significant Q3 earnings miss, citing market headwinds, notes the firm, which said this result was “a gut punch.” While the firm expects soft market conditions to persist, trends are directionally better in Q4 and Stifel still sees a likely path to $70M-plus in EBITDA for 2025, leaving its “core investment thesis” intact, the analyst tells investors.