Dahlman Rose Upgrades Swift Transportation (SWFT) to Buy
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Price: $29.49 --0%
Rating Summary:
14 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 5
Rating Summary:
14 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 5
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Dahlman Rose upgraded Swift Transportation (NYSE: SWFT) from Hold to Buy with a price target of $12.00.
The firm comments, "We believe truckload industry fundamentals are improving and fuel may not be as big a headwind as it was in 3Q12 - two factors that should aid the company in delivering solid 4Q12 results, probably beating Street expectations, which had been largely formed amidst more uncertain conditions. Additionally, valuation remains compelling despite Friday's 5% run. Being the most levered in the space affords SWFT shares the highest appreciation potential during a positive turn in industry dynamics."
For an analyst ratings summary and ratings history on Swift Transportation click here. For more ratings news on Swift Transportation click here.
Shares of Swift Transportation closed at $8.87 yesterday.
The firm comments, "We believe truckload industry fundamentals are improving and fuel may not be as big a headwind as it was in 3Q12 - two factors that should aid the company in delivering solid 4Q12 results, probably beating Street expectations, which had been largely formed amidst more uncertain conditions. Additionally, valuation remains compelling despite Friday's 5% run. Being the most levered in the space affords SWFT shares the highest appreciation potential during a positive turn in industry dynamics."
For an analyst ratings summary and ratings history on Swift Transportation click here. For more ratings news on Swift Transportation click here.
Shares of Swift Transportation closed at $8.87 yesterday.
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