Morgan Stanley analyst Ravi Shanker raised the firm’s price target on Ryder (R) to $250 from $190 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the freight transportation group as part of its 2026 outlook. It upgraded its freight transportation industry view to Attractive from In-Line for 2026. Risk/rewards are the best they have been since 2020, “even if the coast is not entirely clear,” the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on R:
- Ryder initiated with an Overweight at Wells Fargo
- Ryder opens new commercial truck rental and maintenance facility in Georgia
- Ryder System’s Earnings Call: Growth Amid Challenges
- Ryder price target raised to $197 from $194 at JPMorgan
- Ryder System’s Strong Fundamentals and Strategic Initiatives Justify Buy Rating Amid Growth Potential