Barclays lowered the firm’s price target on Heartland Express (HTLD) to $10 from $11 and keeps an Underweight rating on the shares post the Q3 report. The company reported another challenging quarter as depressed truckload fundamentals weigh on the results, the analyst tells investors in a research note. The firm says that while Heartland’s Q4 trends have been incrementally encouraging, its long-term margin targets “may be out of reach in the next upcycle.”
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Read More on HTLD:
- Heartland Express Faces Ongoing Freight Challenges in Q3 2024
- Heartland Express reports Q3 EPS (12c), consensus (1c)
- HTLD Earnings this Week: How Will it Perform?
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