The transportation team at Bank of America Merrill Lynch (BOAML) is bullish on trucking stocks, raising the price objectives on a handful of them by several dollars per share.
The team led by Ken Hoexter based its increase in price objective (PO) on “the inflecting demand and spot rate environment.” It did not increase its buy/neutral/sell recommendation on any stocks.
Getting an upward kick from the BOAML team was Knight-Swift (PO now $49, was $46, stock closed earlier this week at $43.05);...
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