Cowen analyst Jason Seidl raised the firm’s price target on Daseke to $15 from $11 and keeps an Outperform rating on the shares. The analyst noted EBITDA was a slight miss but they gave flat 2023 guidance. Cowen said management called for early spot bottom in 1Q and noted it is adding more high margin company equipment. Accretive acquisitions in resilient specialized operations and debt paydown in 2023 should support results as we move through challenged market.
Published first on TheFly
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Read More on DSKE:
- Daseke Announces Record Results, Reports Fourth-Quarter and Full-Year 2022, and Provides Full-Year 2023 Outlook
- Daseke sees 2023 revenue flat to up low single digits vs. 2022
- Daseke reports Q4 adjusted EPS 25c, consensus 6c
- Daseke Management to Participate in Stifel 2023 Transportation & Logistics Conference
- Daseke Names Adrianne D. Griffin Vice President, Investor Relations and Treasurer
