Mullen Group upgraded to Outperform from Market Perform at BMO Capital

BMO Capital upgraded Mullen Group to Outperform from Market Perform with a price target of C$17, up from C$14.50. The company reported strong Q2 results, with margins improving across each of its operating segments, the analyst tells investors in a research note. Mullen’s Specialized & Industrial segment results were a highlight, although the company is also realizing stability in its LTL and Warehousing businesses, the firm added.