Ryder price target raised to $236 from $210 at Wells Fargo

Wells Fargo raised the firm’s price target on Ryder (R) to $236 from $210 and keeps an Overweight rating on the shares. The firm believes Ryder’s 2026 EPS guidance calling for 4%-12% growth year-over-year is conservative as it incorporates just 5c cyclical tailwind at the high-end. This likely results in a beat-and-raise story in 2026 and beyond, particularly as $250M-plus of rental demand and used-vehicle sales is realized, Wells adds.