Echo Global Logistics (ECHO) PT Raised to $40 at Cowen

February 4, 2021 6:33 AM EST
Get Alerts ECHO Hot Sheet
Price: $32.38 +1.79%

Rating Summary:
    6 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Cowen analyst Jason Seidl raised the price target on Echo Global Logistics (NASDAQ: ECHO) to $40.00 (from $37.00) while maintaining an Outperform rating.

The analyst commented, "ECHO reported a very strong Q4 as its Truckload segment was propelled by 20% increase in volume and 30% increase in revenue per shipment. Management’s 2021 outlook confirmed continued momentum through January and full year top line guidance game in above the Street estimate at the midpoint. As we roll our model forward, our new price target is $40 and reiterate Outperform."

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