Tiger Brokers

BUZZ-Deutsche Bank initiates coverage on some US trucking firms

Reuters
Mar 07, 2025
BUZZ-Deutsche Bank initiates coverage on some US trucking firms

** Deutsche Bank initiates coverage on some U.S. trucking firms, including CH Robinson CHRW.O and Old Dominion ODFL.O, with "buy" rating

** Says ODFL's financial position will strengthen in the next up-cycle, "as the co benefits from better fixed-cost absorption"; PT at $236

** Sets PT of $129 on CHRW, a 31% upside to stock's last close

** Also starts J B Hunt JBHT.O with "hold" rating; PT at $167, a 3% upside to stock's last close

** Rates for cross-border trucking to and from the U.S. jumped amid new tariffs on Canada and Mexico, as cos scrambled to accelerate shipments ahead of an expected increase in costs

** YTD, S&P 500 Transportation Index .SPLRCTRN down 1.4%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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