Covenant Logistics Group Inc. (CVLG) PT Raised to $30 at Cowen

January 27, 2021 6:44 AM EST
Get Alerts CVLG Hot Sheet
Price: $27.06 +0.19%

Rating Summary:
    0 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 13 | New: 22
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Cowen analyst Jason Seidl raised the price target on Covenant Logistics Group Inc. (NASDAQ: CVLG) to $30.00 (from $25.00) while maintaining an Outperform rating.

The analyst commented, "Covenant exited 2020 with challenging quarter, management change, and new share repurchase authorization. While there is plenty of work to do at CVLG, early signs seem to point to better days ahead as strong pricing renewals and a more business like approach to dedicated customers take hold. We reiterate our Outperform rating and increase our price target to $30 as we look to 2022 for valuation."

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