Echo Global upgraded to Outperform from Market Perform at FBR Capital FBR Capital upgraded Echo Global to Outperform citing the recent rise in truckload spot market volumes and pricing. The firm raised its price target for shares to $20 from $17.
Echo Global says confident in FY15 revenue view of $1.3B-$1.38B ex-acquisition "We are very excited to announce the acquisition of Command Transportation, which had $561M in 2014 revenue. Independent of this new acquisition, we continue to be confident in our 2015 revenue guidance of $1.30B-$1.38B," said CEO Kyle Sauers. Consensus FY15 revenue $1.35B.