Goldman Sachs analyst Jordan Alliger upgraded Schneider National (SNDR) to Buy from Neutral with a price target of $32, up from $24. The firm shifted its investment recommendations to favor the trucking sector and now has a more neutral view on the rail sector and rail-adjacent sector. While fundamental risks remain, largely around tariffs and possible impacts to consumer demand and global freight flows, it best to increase exposure on the “early side” to transportation names likely to benefit from the next earnings upgrade cycle, the analyst tells investors in a research note. Goldman’s strategy is to “buy when fundamentals are as pressured as they can be.” It believes truckers’ share price underperformance and a freight recovery analysis suggest that current share prices offer strong return potential against the risk outstanding.
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