UPDATE: Morgan Keegan Lowers PT on Vitran to $15

Morgan Keegan is out with its report today on Vitran VTNC, lowering its PT from $20 to $15. In a note to clients, Morgan Keegan writes, "Taking into account our revised 2012 estimates, we are lowering our price target to $15 from $20 per share. We continue to rate shares of VTNC Outperform as we believe the long-term potential of Vitran remains intact. The positive industry fundamentals of improved pricing will likely be overshadowed by high cost pressures associated with network expansion over the near term." Shares of VTNC closed Thursday at $11.40.