Morgan Keegan has published a research report on USA Truck USAK lowering the price target.
In the report, Morgan Keegan wrote, "The company put out a press release announcing management's expectation of an EPS loss in 3Q11. We are lowering our third quarter estimate from $0.09 to ($0.15). The company cited hiccups associated with its software transition as well as weaker freight conditions."
Morgan Keegan rated USA Truck an Outperform with a price target lowered from $17.00 to $13.50. USA Truck closed Monday at $10.95.
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