SA: Forward Air falls on Wolfe downgrade

M&A prospect Forward Air – Omni Logistics should ring a bell! – is the worst performer (-3.39%) today in our demo portfolio at midday (EST), hitting a multi-year low in the mid-$50s – in case you have missed Seeking Alpha’s report out on Wednesday:

Shares of Forward Air (NASDAQ:FWRD) fell nearly 6% on Wednesday after Wolfe downgraded the logistics services firm to Underperform from Peer Perform.

Wolfe, which set a price target of $50, said Forward was the worst performing stock in ...