Echo Global trading at significant discount to peers, says FBR Capital After spending a day with management, FBR Capital believes Echo Global could be entering a sustained beat-and-raise cycle for the next several quarters. The firm believes the stock is trading at a significant discount to peers, and it sees an attractive buying opportunity ahead of the company's Q2 results. FBR has an Outperform rating on Echo with a $22 price target.
Echo Global upgraded to Outperform at Credit Suisse Credit Suisse reinstated Echo Global with an Outperform rating from a Neutral rating and increased its price target to $39 from $27. The firm said the Command acquisition significantly increases Echo's scale, enabling the company to grow market share and capacity, the expanded footprint will drive increased wallet shares with existing customers, and leverage the combined technological platform.