Baird lowered the firm’s price target on Forward Air to $40 from $50 and keeps a Neutral rating on the shares. The firm said the last few quarters were a tumultuous stretch as the company triggered significant strategic, financial, and leadership changes during the trough of a freight recession. Significant risk remains with the Omni integration, and earnings visibility is clearly very low.
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Read More on FWRD:
- Forward Air reports Q4 adjusted EPS 81c, consensus 98c
- FWRD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Forward Air Subsidiary Revises Credit Terms and Repays Loans
- Forward Air price target lowered to $50 from $75 at Baird
- Forward Air Corp. Announces Leadership Team Overhaul
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