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Truckers suffer wave of downgrades at RBC, Stephens

2016-01-08 03:26:34| Trucking - Topix.net

RBC Capital and Stephens both came out bearish on the transportation and trucking sector, with RBC analyst John Barnes calling his outlook the most difficult report he had written since the Great Recession, citing confusing signals on the economy and earnings growth that likely will be "uninspiring." Barnes downgraded Old Dominion Freight Line , Swift Transportation Company , Ryder Systems and Rush Enterprises to Sector Perform from Outperform, and Heartland Express to Underperform from Sector Perform.

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