Proficient Auto Logistics initiated with an Outperform at Barrington

Barrington initiated coverage of Proficient Auto Logistics with an Outperform rating and $22 price target. Proficient is a leading non-union, specialized freight company focused on providing auto transportation and logistics services, the analyst tells investors in a research note. The firm says the stock’s discount to peers will dissipate as Proficient executes its growth strategy and its margins expand as expected.