BofA raised the firm’s price target on Schneider National (SNDR) to $38 from $35 and keeps a Buy rating on the shares after Schneider acquired Cowan Systems, a Maryland-based dedicated truckload carrier with 1,800 trucks and a portfolio of complimentary services. Schneider targets immediate accretion from Cowen, despite higher interest expense, notes the firm, which raised its FY25 and FY26 EPS estimates 12% and 16%, respectively, to $1.25 and $2.15.
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Read More on SNDR:
- Schneider National price target raised to $34 from $32 at TD Cowen
- Schneider National Expands with Cowan Systems Acquisition
- Schneider National announces plans to acquire Cowan Systems for $390M in cash
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- Citi downgrades Schneider National to Sell on ‘elevated’ valuation
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
