Schneider National downgraded to In Line from Outperform at Evercore ISI

Evercore ISI downgraded Schneider National to In Line from Outperform with an unchanged price target of $25. The firm sees near-term estimate risk to Schneider and has a more cautious view on the timing of a TL recovery, the analyst tells investors. After posting results that held up much better relative to peers throughout the freight recession, Q3 “figures collapsed,” says the analyst, who sees more downside risk to estimates beginning in Q4 results and carrying through the first half of 2024.