Shares of Con-way (CNW +13.9%) rip higher despite posting a mixed Q4 result yesterday that...

|By:, SA News Editor

Shares of Con-way (CNW +13.9%) rip higher despite posting a mixed Q4 result yesterday that matched revenue estimates but came up short on its EPS, as its bottom line was negatively impacted by tax items and skewed by a one time gain in the prior year period. Citigroup raises the shares to Buy on the report, saying that despite the overall weaker metrics, the company's freight profitability is nearing a turnaround, and it sees better pricing and volumes in H113. The firm also raised its price target by nearly 30% to $39 from $30.