Stifel Resumes Schneider National (SNDR) at Buy
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Stifel analyst Joseph W. DeNardi resumes coverage on Schneider National (NYSE: SNDR) with a Buy rating and a price target of $29.00.
The analyst comments "We are resuming coverage of Schneider National, Inc. (SNDR) with a Buy rating and $29 target price. Schneider is one of the largest multi-modal freight carriers in the U.S. with core operations spanning from Truckload to Intermodal and Logistics. Schneider is a growing player in Logistics, which is bolstered by its focus on technological advancement and ultimately its positioning as a platform of choice for future brokerage transactions. Additionally, Schneider is starting to drive improvements in its Truckload and Intermodal segments that we believe will persist. We see a multi-modal approach as advantageous given the ability it provides to flex growth between Truckload and Intermodal - something that has become important amid driver recruitment challenges and a greater focus on environmental consequences. Demand strength across all of Schneider's segments, combined with growth tailwinds on the Logistics side, positions the carrier to grow earnings into 2022 and beyond, in our view."
Shares of Schneider National closed at $21.29 yesterday.
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