Stifel Upgrades Marten Transport Ltd. (MRTN) to Hold

Stifel analyst David Ross upgraded Marten Transport Ltd. (NASDAQ: MRTN) from Sell to Hold with a price target of $21.00.

The analyst comments "Shares of Marten have fallen over 6.8% since the end of the second quarter (vs. the S&P 500 up 6.6 %), and earnings came in better than expected, so our estimates actually have increased. With limited downside from here and going into what we believe to be a strong fall freight season, we are stepping back to the sidelines with respect to MRTN."

For an analyst ratings summary and ratings history on Marten Transport Ltd. click here. For more ratings news on Marten Transport Ltd. click here.

Shares of Marten Transport Ltd. closed at $21.85 yesterday.

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