USA Truck (USAK) PT Raised to $29 at Cowen Following Earnings

Cowen analyst Jason H. Seidl raised the price target on USA Truck (NASDAQ: USAK) to $29.00 (from $24.00) while maintaining an Outperform rating.

The analyst commented, "USAK reported a first quarter well ahead of expectations, despite weather impacts that cost ~$0.04 in the quarter. USAK’s logistics segment was the highlight of the quarter that grew 97% in revenue per employee. We increase our price target to $29 from $24 and reiterate Outperform."

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