Forward Air Corp (FWRD) Reports In-Line Q2 EPS, Offers Q3 EPS Guidance

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Go back to Forward Air Corp (FWRD) Reports In-Line Q2 EPS, Offers Q3 EPS Guidance

Forward Air (FWRD) PT Raised to $47 at BofA/Merrill Lynch; Keeps Underperform Rating

July 23, 2014 8:19 AM EDT

BofA/Merrill Lynch analyst Ken Hoexter raised his price target on Forward Air (NASDAQ: FWRD) to $47.00 (from $42.00) but maintained an Underperform rating. The analyst notes while EPS increased 22% airport-airport volumes decelerated to 2% growth year-over-year.

The firm is increasing 3Q14, 2014, and 2015 EPS estimates 4%, 2%, and 1%, to $0.59, $2.05, and $2.35, from... More