Proficient Auto Logistics (PAL) PT Lowered to $13 at Stifel

Stifel analyst Bruce Chan lowered the price target on Proficient Auto Logistics (NASDAQ: PAL) to $13.00 (from $14.00) while maintaining a Buy rating.

The analyst comments "Proficient reported 2Q25 adjusted EBITDA of $11.3mm—in line with our estimate and consensus. Importantly, revenue came in much stronger than expected, growing 21% sequentially vs. a highsingle digit guidance. Revenue was underpinned by significant unit volume growth, which increased 24% y/y and 28% sequentially, due to contribution from the Brothers acquisition, post-Jack Cooper bankruptcy contract wins, and higher volume from existing customers as OEM production was solid and dealer inventories much healthier, in our view. While seasonal volumes tend to tick down in Q3, management is only calling for a 2%-5% headwind—healthier than pre-print consensus. Operating ratio (OR) guidance was held flat despite the seasonal volume degradation, owing to growing cost takeout opportunity as the businesses and systems mesh together. With internal opportunities, meaningful market share gains, a healthy cash position, and optimism for an improving autohauling backdrop, we see significant opportunity here and reiterate our Buy rating."

You May Also Be Interested In

• Adobe (ADBE) PT Lowered to $225 at UBS Amid Plans to Pivot to Freemium Model
• Oxford Industries (OXM) PT Lowered to $40 at UBS Amid Top-line Weakness
• M3-Brigade cancels shareholder meeting after terminating ReserveOne deal