Marten Transport jumps on Q1 earnings beat, Stifel sees continued growth

Marten Transport

17/04/2019 18:54

** Truckload carrier's shares  MRTN.O  climb 9.43% to $19.99
after better-than-expected Q1 profit 
    ** Co misses on revenue due to bad weather, but expects to
see strong demand through the year  urn:newsml:reuters.com:*:nGNX3dXFqp
    ** Stifel remains skeptical of a resurgence in freight in Q2
and later this year, but says co's management is bullish on its
prospects, expecting a strong produce season in California for
the first time in years  
    ** Stifel raises PT on MRTN to $18 from $17 and expects
continued growth throughout the year 
    ** MRTN shares now up 23.5% for the year 

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))