Schneider National price target lowered to $25 from $26 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Schneider National to $25 from $26 and keeps a Neutral rating on the shares. The company reported a Q4 earnings miss and its 2024 guide was below consensus as the management noted a 4c unfavorable net impact to EPS associated with a combination of additional costs from adverse development of claims that were partly offset by a lower effective tax rate, the analyst tells investors in a research note. The firm adds that it remains “somewhat cautious” ahead of upcoming contract-pricing negotiations due in-part to the wider-than-typical spread between contract and spot rates, as this could potentially impact the velocity of recovery relative to a normal upcycle.