U.S. Xpress Announces Realignment Plan
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U.S. Xpress (USX) PT Lowered to $2.50 at BofA Securities
September 9, 2022 9:27 AM EDTBofA Securities analyst Ken Hoexter lowered the price target on U.S. Xpress (NYSE: USX) to $2.50 (from $2.80) while maintaining a Underperform rating after the company announced a realignment plan (at least its 3rd strategy shift since its 2018 IPO) aimed at improving profitability and cash flow, and reducing leverage from 5x.
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