Matthew S. Brooklier and Reena E. Krishnan, analysts at Piper Jaffray, recently published a note on the pricing power of truckload carriers. They noted that the companies will report high profits and stock performance.
The sector is in an early stage of recovery as demand increases and inventories need restocking. Truckload capacity has been declining since 2006 and is now at a 5 year low. The recent demand has pushed up spot prices.
Analysts have given an Overweight rating to J.B. Hunt Transport Services, Inc. JBHT and Werner Enterprises WERN.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsIndustrialsMatthew BrooklierPiper JaffrayReena KrishnanTrucking
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in