Dahlman Rose Continues Vitran Buy, Lowers PT to $18

Dahlman Rose continued its Vitran VTNC Buy rating and lowered its Vitran price target from $22 to $18 in a research report published today. In the report, Dahlman Rose states, "The worse-than-expected 2Q11 EPS guidance pre-announced by Vitran appears specific to the company and not reflective of an industry-wide issue. If this news weighs on other LTL shares, we would be buyers of stocks like CNW and SAIA." Shares of Vitran were trading at $11.89 at the time of posting, down 10.26% from Monday's market close.