Schneider National downgraded to Hold from Buy at Stifel

Stifel downgraded Schneider National (SNDR) to Hold from Buy with a price target of $26, down from $32, following the Q4 report. Schneider remains committed to diversifying into the “more stable” earning Dedicated business, which now represents 70% of its truckload mix, the analyst tells investors in a research note. The firm says that while Schneider benefits from supply tightening, it prefers shares of Knight-Swift following the stock’s recent rally.