Citi Starts TravelCenters of America (TA) at Neutral

Citi analyst Paul Lejuez initiates coverage on TravelCenters of America (NASDAQ: TA) with a Neutral rating and a price target of $29.00.

The analyst comments "After a rough period from 2015-2019 for the company and the stock, in December 2019 the company brought in CEO Jonathan Pertchik. We believe Pertchik brings new energy to the organization and a much needed focus on ROIC, which spans many aspects of the organization. And the wheels are already in motion, as we believe the company is in the early stages of improving profitability."

For an analyst ratings summary and ratings history on TravelCenters of America click here. For more ratings news on TravelCenters of America click here.

Shares of TravelCenters of America closed at $20.89 yesterday.

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