Morgan Stanley Starts Ryder Systems (R) at Overweight

Morgan Stanley analyst Christyne McGarvey initiates coverage on Ryder Systems (NYSE: R) with a Overweight rating and a price target of $165.00.

The analyst comments: "Ryder hasn't gotten much credit for its transformation yet but we may not have to wait much longer, especially with the upcycle upon us. We see LDD% upside vs. consensus for FY25/26 reflecting cycle inflection, EPA 2027 impacts and secular growth drivers for outsourcing. Initiate at OW with PT $165."

For an analyst ratings summary and ratings history on Ryder Systems click here. For more ratings news on Ryder Systems click here.

Shares of Ryder Systems closed at $121.00 yesterday.

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