Stifel analyst J. Bruce Chan lowered the firm’s price target on Universal Logistics (ULH) to $29 from $37 and keeps a Hold rating on the shares following “another sizable earnings miss” in Q1. With pressure on OEMs, dwindling class 8 orders, and what’s likely to be slowing new contract activity, the firm sees “less opportunity, rather than more on the horizon,” the analyst tells investors.
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Read More on ULH:
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- Universal Logistics Holdings Inc (ULH) Q1 Earnings Cheat Sheet
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