BofA lowered the firm’s price target on Schneider National (SNDR) to $37 from $38 and keeps a Buy rating on the shares after updating its estimates for Cowan revenue clarification after Schneider agreed to acquire Cowan Systems for $421M. After its revisions, BofA lowered its FY25 and FY26 EPS estimates by 4% and 7%, respectively, to $1.20 and $2.00, but notes that its revised estimates remain up 4% and 5%, respectively, from its pre-Cowan Systems’ deal forecasts.
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Read More on SNDR:
- Schneider National price target raised to $34 from $32 at Benchmark
- Schneider National price target raised to $38 from $35 at BofA
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