Stifel raised the firm’s price target on Proficient Auto Logistics (PAL) to $18 from $17 and keeps a Buy rating on the shares after Proficient announced the acquisition of Pennsylvania-based Brothers Auto Transport. Tariff concerns and the unlock of a tranche of restricted IPO shares have weighed on the stock, but the firm continues to view Proficient as “one of the best idiosyncratic stories this year,” the analyst tells investors.
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Read More on PAL:
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- Positive Outlook for Proficient Auto Logistics Amid Industry Shifts and Market Opportunities
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