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 shares could rally to mid-$40s in 2016, says FBR Capital FBR Capital raised its price target for Echo Global to $43 from $38 saying the stock could reach the mid $40s in 2016 on accretion from the Command Transportation acquisition. FBR has a "high level of confidence" that Echo will "materially" raise its long-term guidance after the deal is closed. The firm keeps an Outperform rating on the name.