JPMorgan analyst Brian Ossenbeck raised the firm’s price target on Ryder (R) to $173 from $165 and keeps a Neutral rating on the shares. The firm updated transportation and logistics estimates and price targets as part of a Q2 earnings preview. JPMorgan reduced estimates across the board, saying tariffs and trade policy uncertainty has persisted while spot truckload rates went down before bouncing back around the July 4 holiday.
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