Schneider National price target lowered to $31 from $34 at Benchmark

Benchmark lowered the firm’s price target on Schneider National (SNDR) to $31 from $34 and keeps a Buy rating on the shares. Since Schneider reported their Q1 results, market conditions have “clearly changed” as the March seasonal build has been lower than normal, tariff concerns have caused uncertainty in future freight market conditions, and the typical second quarter ramp is questionable, leading the truckload market to experience weak demand because of these factors, the analyst tells investors. The firm is “taking a pragmatic approach to the turmoil and prudently adjusting estimates” to account for the changing dynamics, the analyst added.