Wells Fargo Initiates a Buy Rating on Ryder System (R)
Ryder System received a Buy rating and a $210.00 price target from Wells Fargo analyst today.
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In a report released on December 1, Citi also reiterated a Buy rating on the stock with a $196.00 price target.
Based on Ryder System’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.17 billion and a net profit of $138 million. In comparison, last year the company earned a revenue of $3.17 billion and had a net profit of $142 million
Read More on R:
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- Ryder initiated with an Overweight at Wells Fargo
- Ryder opens new commercial truck rental and maintenance facility in Georgia
- Ryder System’s Earnings Call: Growth Amid Challenges
- Ryder price target raised to $197 from $194 at JPMorgan
- Ryder System’s Strong Fundamentals and Strategic Initiatives Justify Buy Rating Amid Growth Potential
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