UPDATE: Stifel Resumes YRC Worldwide (YRCW) at Hold

August 24, 2020 10:01 PM EDT
Get Alerts YRCW Hot Sheet
Price: $5.11 --0%

Rating Summary:
    6 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - August 25, 2020 4:53 AM EDT)

(updating comment)

Stifel analyst David Ross resumes coverage on YRC Worldwide (NASDAQ: YRCW) with a Hold rating and a price target of $5.00.

The analyst comments "YRC's executives did not disappoint their employees last month, securing a much-needed loan from the U.S. Treasury to keep the business on sound financial footing through the current period. As a result of the loan, which we had said was necessary for the business to continue operations into 2021, we are reinstating earnings estimates for YRC Worldwide. The key benefits will be from financial breathing room, new equipment, and no debt maturities for years. The main questions for investors are a) will this loan be changed or overturned in any way, and b) how much help is it to the bottom line? We are resuming coverage with a Hold rating on the shares due to expected volatility in trading and uncertainty around execution."

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

Shares of YRC Worldwide closed at $4.87 yesterday.

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