Morgan Stanley raises PT on US transportation companies, cites improving freight market
06/07/2026 14:30
BUZZ-Morgan Stanley raises PT on US transportation companies, cites improving freight market ** Morgan Stanley raises PT on Old Dominion Freight Line ODFL.O, J.B. Hunt Transport JBHT.O, Knight-Swift Transportation KNX.N and C.H. Robinson Worldwide CHRW.O
** Brokerage expects freight rates to strengthen, supported by ongoing supply constraints and a recovering demand environment
** Says, however, clearer visibility on the cycle's peak may not emerge until late 2027 or 2028, as it remains uncertain whether supply constraints will make rate gains more durable and sustainable
Companies | New PT | Old PT |
Old Dominion | $245 | $235 |
J.B. Hunt | $200 | $190 |
Knight-Swift | $100 | $70 |
C.H. Robinson | $91 | $90 |
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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