Ryder upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research upgraded Ryder (R) to Outperform from Peer Perform with a $159 price target Ryder “uniquely stands out to us within our Trucking coverage” with modest EPS upside potential to consensus, the analyst tells investors. The Street is modeling toward the low-end of Ryder’s guidance of $12.85-$13.60 and the firm’s calendar year 2025 EPS estimate of $13.05 is now slightly above consensus, the analyst noted.