Jefferies Upgrades Forward Air to Buy, Lowers Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Stephanie Moore has upgraded Forward Air (NASDAQ:FWRD) from Hold to Buy, but lowered the price target from $110 to $85.

August 29, 2023 | 9:13 am
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POSITIVE IMPACT
Forward Air has been upgraded to Buy from Hold by Jefferies, but the price target has been lowered from $110 to $85.
The upgrade to Buy indicates a positive outlook for Forward Air's stock. However, the lowering of the price target may temper the positive impact as it suggests a lower future price than previously expected. The net effect is likely to be positive, but not as much as it would have been if the price target had not been lowered.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100