Wolfe Research Downgrades Covenant Transportation Group (CVTI) to Underperform

October 5, 2018 8:33 AM EDT
Get Alerts CVTI Hot Sheet
Price: $13.95 --0%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 13 | New: 22
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Wolfe Research analyst Scott Group downgraded Covenant Transportation Group (NASDAQ: CVTI) from Peerperform to Underperform.

Wolfe Research analyst Scott Group is adjusting his models for trucking as part of roll forward into 2019 and an introduction of 2020 estimates. He downgrades Trucking sub-sector to Market Underweight (from Market Weight) citing a later stage of the freight and economic cycle.

For an analyst ratings summary and ratings history on Covenant Transportation Group click here. For more ratings news on Covenant Transportation Group click here.

Shares of Covenant Transportation Group closed at $28.98 yesterday.

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