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Benzinga
Benzinga
Business
Akanksha Bakshi

Susquehanna Bumps Up Schneider National Price Target By 10%

Susquehanna Majors NYSE
  • Susquehanna analyst Bascome Majors upgraded Schneider National Inc (NYSE:SNDR) to Positive from Neutral and raised the price target to $32 (an upside of 19.5%), from $29.
  • Majors noted there is an attractive risk/reward in buying truckload names "already priced for a deep freight recession."
  • Intermodal is in one of its best cyclical and structural periods of the last decade.
  • Despite Susquehanna's view of moderate risk to out-year consensus for truckload names, the shares trade at "trough multiples that price in more than enough cushion to absorb a reasonable shift to negative revisions in late 2022 and early 2023," mentioned Majors.
  • Price Action: SNDR shares are trading higher by 1.27% at $26.79 during the premarket session on Friday.
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