Raymond James Cuts Forward Air Price Target By 7%
Raymond James analyst Patrick Tyler Brown lowered the price target for Forward Air Corp (NASDAQ: FWRD ) to $135 (an upside of 50%) from $145 while maintaining the Strong Buy rating on the shares. The analyst states that the sharp decline in truck spot rates has continued to dominate headlines — as per data, it is estimated that current truck spot rates per mile have fallen back to "peak" 2014 levels. Brown … Full story available on Benzinga.com
Raymond James Cuts Forward Air Price Target By 7%
Raymond James analyst Patrick Tyler Brown lowered the price target for Forward Air Corp (NASDAQ: FWRD ) to $135 (an upside of 50%) from $145 while maintaining the Strong Buy rating on the shares. The analyst states that the sharp decline in truck spot rates has continued to dominate headlines — as per data, it is estimated that current truck spot rates per mile have fallen back to "peak" 2014 levels. Brown … Full story available on Benzinga.com