Con-way upgraded to Buy from Neutral at Citigroup Citigroup upgraded Con-way on expectations the company's Freight profitability is nearing a positive inflection point. The firm sees better pricing and volumes in the first half of 2013 and raised its price target for shares to $39 from $30 following Con-way's Q4 results.
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Con-way downgraded to Neutral at RW Baird As reported previously, Baird downgraded Con-Way to Neutral from Outperform citing incremental risk from both investor sentiment and visibility to the pace of margin improvement. The firm has a $55 price target on the shares.