Barclays analyst Eric Morgan raised the firm’s price target on Heartland Express (HTLD) to $11 from $10 and keeps an Underweight rating on the shares. The firm says sharply higher less than truckload multiples reflect market enthusiasm for prospects beyond the current downturn. Barclays’ refreshed upcycle analysis supports meaningful earnings growth potential through 2026, the analyst tells investors in a research note. An upcycle analysis suggests plenty of volume potential for the group, supported by share gains on top of demand recovery, contends the firm.
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Read More on HTLD:
- Heartland Express price target lowered to $10 from $11 at Barclays
- 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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