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Schneider National price target lowered to $21 from $24 at Susquehanna

Susquehanna analyst Bascome Majors lowered the firm’s price target on Schneider National (SNDR) to $21 from $24 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the logistics and trucking group. The firm cut estimates across the sector, saying pricing and margin improvement “remain in the distance.” The Q3 supply chain “snap-back” was modest in truckload, the analyst tells investors in a research note.

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