Dahlman Rose Lowers Air Transport Services PT, Reiterates Buy

Dahlman Rose lowered its Air Transport Services ATSG price target from $12 to $7 and reiterated its Air Transport Services Buy rating in a research report published today. In the report, Dahlman Rose states, "This morning DB Schenker announced a restructuring of its North American operation. As a result, DB Schenker will go to an asset-light model from its current model of leasing a mix of DC8s and B727s from ATSG." Shares of Air Transport Services were trading at $4.97 at the time of posting, down 15.62% from Thursday's market close.