BUZZ-Barclays lifts PTs of less-than-truckload carriers on profit growth potential

Reuters

Nov 13, 2024

** Barclays lifts price targets of North American less-than-truckload $(LTL)$ freight carriers

Company New PT Old PT

Heartland $11 $10

Express

Knight-Swift $68 $62

Transportation

Old Dominion $220 $190

Freight Line

Saia $620 $515

Werner $40 $36

Enterprises

XPO $170 $150

** LTL freight is an economical option of shipping that involves only a portion of the space on a truck

** "LTL industry volumes have been underperforming industrial production for over two years, a trend that we expect to begin reversing as truckload markets tighten in 2025," says Barclays

** Brokerage cites the expected upcycle to support the industry's "meaningful" EPS growth potential through 2026

** Says higher valuations and recent share outperformance reflect investor optimism for LTL companies beyond the current downturn

** As of last close, the Dow Jones Transport Index had risen 9.3% YTD

(Reporting by Aatreyee Dasgupta) ((Aatreyee.Dasgupta@thomsonreuters.com))

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companies beyond the current downturn</p><p>   ** As of last close, the Dow Jones Transport Index    had risen 9.3% YTD</p><p>(Reporting by Aatreyee Dasgupta) ((Aatreyee.Dasgupta@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Barclays lifts PTs of less-than-truckload carriers on profit growth potential</title>\n<style 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22:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** Barclays lifts price targets of North American less-than-truckload <a href=\"https://laohu8.com/S/LTL\">$(LTL)$</a> freight carriers</p><p>Company         New PT      Old PT</p><p>Heartland       $11         $10</p><p>Express                     </p><p>Knight-Swift    $68         $62</p><p>Transportation              </p><p>Old Dominion    $220        $190</p><p>Freight Line                </p><p>Saia      $620        $515</p><p>Werner          $40         $36</p><p>Enterprises                 </p><p>XPO        $170        $150</p><p>   ** LTL freight is an economical option of shipping that involves only a portion of the space on a truck</p><p>   ** \"LTL industry volumes have been underperforming industrial production for over two years, a trend that we expect to begin reversing as truckload markets tighten in 2025,\" says Barclays</p><p>   ** Brokerage cites the expected upcycle to support the industry's \"meaningful\" EPS growth potential through 2026</p><p>   ** Says higher valuations and recent share outperformance reflect investor optimism for LTL companies beyond the current downturn</p><p>   ** As of last close, the Dow Jones Transport Index    had risen 9.3% YTD</p><p>(Reporting by Aatreyee Dasgupta) ((Aatreyee.Dasgupta@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1169589451.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2483889195","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483889195","pubTimestamp":1731508303,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking 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underperforming industrial production for over two years, a trend that we expect to begin reversing as truckload markets tighten in 2025,\" says Barclays   ** Brokerage cites the expected upcycle to support the industry's \"meaningful\" EPS growth potential through 2026   ** Says higher valuations and recent share outperformance reflect investor optimism for LTL companies beyond the current downturn   ** As of last close, the Dow Jones Transport Index    had risen 9.3% YTD(Reporting by Aatreyee Dasgupta) ((Aatreyee.Dasgupta@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}