Android app on Google Play

Dahlman Rose Upgrades Swift Transportation (SWFT) to Buy

December 10, 2012 6:52 AM EST Send to a Friend
Get Alerts SWFT Hot Sheet
Price: $24.71 +2.57%

Rating Summary:
    16 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 9 | New: 22
Trade SWFT Now!
Join SI Premium – FREE
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.




You May Also Be Interested In


Related Categories

Upgrades

Add Your Comment