Forward Air shares are trading higher after the company reported better-than-expected Q2 financial results. Also, Baird maintained a Neutral rating on the stock and raised its price target from $17 to $24.
Portfolio Pulse from Benzinga Newsdesk
Forward Air shares are trading higher after the company reported better-than-expected Q2 financial results. Baird maintained a Neutral rating on the stock and raised its price target from $17 to $24.
August 08, 2024 | 5:44 pm
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Forward Air shares are trading higher following the release of better-than-expected Q2 financial results. Additionally, Baird has maintained a Neutral rating on the stock while raising its price target from $17 to $24.
The better-than-expected Q2 financial results are a positive indicator for Forward Air, likely boosting investor confidence and driving the stock price higher. The raised price target from Baird further supports a positive short-term outlook, although the Neutral rating suggests some caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100