Jefferies Lowers Numbers on UTi Worldwide (UTIW) Ahead of Results for the Group

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Jefferies lowered estimates and its price target on Hold-rated UTi Worldwide (NASDAQ: UTIW) from $15 to $14 ahead of Q4 results for the sector.

Jefferies raised estimates and its price target on Hold-rated Canadian National Railway (NYSE: CNI) from $76 to $84 ahead of Q4 earnings for the group.

The firm see more beats than misses in 4Q as the peak shipping season proved better than feared. They see the biggest downside risk at Canadian Pacific (NYSE: CP) and Heartland Express (Nasdaq: HTLD), where they are 24% and 14% below consensus, respectively. CSX (NYSE: CSX) and Knight Transportation (NYSE: KNX) appear to set up well vs. Street estimates, they said.

The firm maintained EPS estimates for the current quarter at $0.15, the year at $0.79 and cut next year from $0.99 to $0.98.

For an analyst ratings summary and ratings history on UTi Worldwide click here. For more ratings news on UTi Worldwide click here.

Shares of UTi Worldwide closed at $13.29 yesterday, with a 52 week range of $11.94-$24.05.

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