Marten Transport price target lowered to $21 from $23 at Stephens

Stephens lowered the firm’s price target on Marten Transport to $21 from $23 and keeps an Overweight rating on the shares. The backdrop remains challenged, but the company’s disciplined pricing approach has limited the contractual rate pressure, say the firm, which anticipates a return to growth in the dedicated segment in the coming quarters. The earnings resiliency relative to Truckload peers through this cycle demonstrates the advantages of Marten’s end-market exposure and revenue mix, the analyst added.