Ryder price target raised to $245 from $219 at Goldman Sachs

Goldman Sachs analyst Jordan Alliger raised the firm’s price target on Ryder (R) to $245 from $219 and keeps a Buy rating on the shares. Ryder reported stronger-than-expected operating EPS of $2.54, driven mainly by a lower share count and tax rate, while operating earnings were broadly in line with expectations, the analyst tells investors in a research note. Ryder raised its full-year EPS guidance and showed strength in its Fleet Management Solutions segment, with encouraging trends across other businesses and expectations for improving demand in its Dedicated Transportation segment over time, the firm says.