Forward Air upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research upgraded Forward Air to Peer Perform from Underperform with no price target. The stock is down 80% year-to-date and has declined nearly 90% since the company announced the Omni acquisition last summer, notes the firm, which is raising its rating following the “big stock reset,” citing new leadership and potentially improving freight forwarding trends.