Deutsche Bank adjusts targets for trucking, transportation names

Deutsche Bank is out with some commentary and price target adjustments for a number of transport names. "We expect slow growth to continue well into 2014," analyst Justin Yagerman notes, but says "this is not a bad environment for earnings growth as cost inflation is generally modest and volumes are expanding, albeit at a slower-than-desired pace."

Rundown: XPO reiterated at Buy, PT hiked to $32; ODFL upgraded to Buy from Hold, PT lifted to $59 from $49; UPS reiterated at Buy, PT raised to $123 from $100; UNP reiterated at Buy, PT hiked to $198 from $175; RRTS reiterated at Buy, PT lifted to $35 from $32; SWFT reiterated at Buy, PT raised to $29 from $22; JBHT reiterated at Buy, PT upped to $89 from $83; NSC reiterated at Hold, PT to $91 from $83; LSTR reiterated at Hold, PT hiked to $58 from $56; KNX reiterated at Hold, PT lifted to $19 from $15; ABFS reiterated at Hold, PT raised to $35 from $29; CSX reiterated at Hold, PT hiked to $28 from $25.

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Comments (3)
  • mbn
    , contributor
    Comments (944) | Send Message
    I don't think they are going out on much of a limb with CSX at a $28 target, considering the price is at $27.84 today, and has been in the mid-to-upper $27 range for a while.
    16 Dec 2013, 04:35 PM Reply Like
  • slam stocks
    , contributor
    Comments (1454) | Send Message
    The stock recently reached $28.25 just a few weeks ago, so why is this a surprise?
    16 Dec 2013, 07:19 PM Reply Like
  • Roy Blanchard
    , contributor
    Comments (53) | Send Message
    We are in a 2% economy so the only for transports to increase EPS more than that is to raise rates and cut expenses. Rails talk about raising rates at "inflation-plus," but with no inflation that's zero.
    17 Dec 2013, 06:00 AM Reply Like
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