Deutsche Bank initiated Roadrunner Transportation RRTS with a Buy rating and a $30.00 price target.
Deutsche Bank noted, "We see solid growth opportunities as the company continues to expand its diversified transportation service offerings. Our $30 price target is based on 18x our 2014 EPS estimate of $1.78, discounted by 8%. While shares of Roadrunner are up 24% over the past six months (vs. an 8% increase in the S&P 500), we see further upside potential as earnings estimates feel conservative."
Roadrunner Transportation closed at $22.23 on Tuesday.
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