Ryder price target raised to $219 from $197 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Ryder (R) to $219 from $197 and keeps a Buy rating on the shares. Ryder’s 2026 estimates are being lowered due to a slow start in commercial rental and tough supply chain comparisons, but forecasts remain above the midpoint of guidance at $14.10, supported by stable-to-strong freight market conditions, potential higher used truck values, and accelerating supply chain growth, the analyst tells investors in a research note. Ongoing lease pricing initiatives and new contracts could further help EPS track above the midpoint, though downside risk exists if the freight economy softens, Goldman adds.