Stifel Maintains Hold on Forward Air, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan has maintained a Hold rating on Forward Air (NASDAQ:FWRD) but has reduced the price target from $81 to $80.

January 10, 2024 | 3:37 pm
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Stifel analyst J. Bruce Chan maintains a Hold rating on Forward Air and lowers the price target from $81 to $80, indicating a potential limited upside or downside.
The reduction in price target by Stifel suggests a slightly less optimistic outlook on Forward Air's stock price potential. However, since the rating remains a Hold and the price target adjustment is minimal, the short-term impact on the stock is likely to be neutral. Investors may perceive this as a minor adjustment rather than a significant change in the company's valuation or prospects.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100