Ryder price target raised to $190 from $175 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker raised the firm’s price target on Ryder (R) to $190 from $175 and keeps an Overweight rating on the shares. The company reported a Q2 beat and is on track to post one of the highest earnings growth rates in the sector this year, the analyst tells investors in a research note. The firm believes Ryder offers one of the best risk/rewards in transports with a balance sheet able to support acquisitions and a “subdued valuation.”