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

Feb. 07, 2013 10:28 AM ETCon-Way Inc. (CNW) StockCNWBy: David Yelle, 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.

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