Swift Transportation (SWFT) PT Lowered to $23 at Stifel Following BOD Meeting

March 9, 2017 9:37 AM EST
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Price: $29.49 --0%

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    16 Buy, 8 Hold, 1 Sell

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    Up: 17 | Down: 13 | New: 41
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Stifel lowered its price target on Swift Transportation (NYSE: SWFT) to $23.00 (from $24.00) while maintaining a Hold rating following BOD meeting.

Analyst John G. Larkin commented, "The company, per GAAP rules, is consolidating the refrigerated portion of their dedicated segment into their “Refrigerated” operating segment. These were previously separated as a result of an acquisition. What has changed is the company is now consolidating reefer backhaul. The company is recasting two previous years of historicals to provide a baseline for each segment."

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