UPDATE - UBS Initiates Coverage on TravelCenters of America (TA) with a Neutral; Traveling Along the Economy

UPDATE - UBS initiates coverage on TravelCenters of America (NYSE: TA) with a Neutral. PT $4.00.

UBS analyst says, "We expect TravelCenters of America (TA) to trade in a range for the near term. While we think the company is well managed and making prudent investments, the principal factor that gives us pause is TA’s dependence on the trucking industry, which is highly correlated with overall economic conditions. We believe the near-term uncertain macroeconomic outlook is likely to weigh on the shares."

"TA’s capital raise and rent reduction put it in a stronger financial position...Operational investments and attractive acquisitions to drive growth."

To see more ratings changes on TA, Click Here

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