Schneider National price target lowered to $30 from $32 at Stephens

Stephens lowered the firm’s price target on Schneider National (SNDR) to $30 from $32 and keeps an Equal Weight rating on the shares. Truckload results were in-line for Q4, while logistics and intermodal operating ratio came in worse than modeled, notes the analyst. Q1 commentary suggests an improving truckload backdrop, similar to peers, and intermodal demand also sounds like it has continued, adds the analyst, who is lowering estimates to reflect a lower logistics outlook.