Forward Air Withdraws Its Previous 2024 Target For Adjusted EBITDA For The Combined Company And Any Other Related Targets
Portfolio Pulse from Benzinga Newsdesk
Forward Air Corporation (FWRD) has withdrawn its previous 2024 target for adjusted EBITDA for the combined company and any other related targets.
October 26, 2023 | 11:38 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Forward Air Corporation has withdrawn its 2024 target for adjusted EBITDA, which may indicate uncertainty about future earnings.
The withdrawal of Forward Air's 2024 EBITDA target could be seen as a lack of confidence in their ability to meet these targets, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100