Marten Transport upgraded to Overweight from Equal Weight at Stephens Stephens upgraded Marten Transport to Overweight following the company's Q1 report, despite the company's Q1 EPS narrowly missing the consensus forecast. Stephens views the miss as driven by weather factors and thinks Marten shares continue to trade at an "unjustifiable" discount to its peers. The firm raised its price target on the stock to $28 from $21.
Marten Transport expects positive trend to continue in FY15 Company said "We have continued to make great strides in the profitability of our intermodal operations, improving our operating ratio, net of fuel surcharges, to 92.6% for the Q1 from 94.7% for last year's Q4. We expect this positive trend to continue in 2015 as we continue to see the benefit of rate increases, lane selectivity and improvements in rail service, along with our disposal of the overhead-intensive containers that were used in a portion of our intermodal operations."