(Updated - July 16, 2026 9:57 AM EDT)

Benchmark analyst Christopher Kuhn raised the price target on Schneider National (NYSE: SNDR) to $40.00 (from $34.00) while maintaining a Buy rating.

The analyst commented, "Ahead of Buy-rated Schneider National's second-quarter results on July 30, we are increasing our estimates and raising our price target to $40 from $34. Similar to our broader transportation coverage, we expect SNDR to deliver a solid quarter and believe management commentary will remain constructive on the outlook beyond 2Q, particularly following the recent Supreme Court ruling in the Montgomery case, which we expect will further tighten industry capacity over time. While transportation valuations have expanded following significant outperformance, we believe additional estimate revisions remain ahead. The industry likely requires another favorable bid cycle to fully repair pricing and margins after several years of depressed contract rates amid rising operating costs. We continue to view the backdrop for transportation equities as attractive despite recent share price appreciation. Several favorable trends are converging simultaneously: rising truckload contract rates, continued capacity exits that may accelerate following the Montgomery ruling, early signs of improvement in industrial activity, and manageable shipper inventory levels. Driver availability is also beginning to tighten, creating an additional supply constraint. The Manufacturing PMI has moved into expansionary territory in 2026, which could support incremental industrial freight demand and further enhance Schneider’s network advantages and operating leverage given the $40m of costs it has taken out. Intermodal demand continues to benefit from modal conversion as shippers respond to higher truckload rates. Elevated tender rejection rates, together with a roughly 25% pricing advantage versus truckload, continue to drive highway-to-rail conversions, particularly in eastern markets."

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