US LTL player Saia surges on solid update
Saia yesterday disclosed strong Q2 LTL operating data – click here for more. Its stock surged ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
SEEKING ALPHA reports:
– Morgan Stanley calls ArcBest Corp (NASDAQ:ARCB) its top LTL pick in a deep dive on the freight transportation sector.
– Arcbest is rated at Buy with a base case price target of $140 and bull case price target of $200.
– “The mgmt. team has overseen strong EBIT improvement in recent years (amongst the best in the group) and we believe the stock is not getting the credit for recent OR gains that it should. Its diversification and focus on asset-heavy vs. asset-light balance makes it well-positioned among peers. The valuation is the most attractive amongst LTLs and while earnings volatility has been an overhang on the multiple for some time, mgmt.’s newfound focus on consistency should help re-rate the multiple to at least close some of the vast gap to peers”…
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