Schneider National price target raised to $26 from $24 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Schneider National to $26 from $24 but keeps a Neutral rating on the shares after its Q2 results. The firm still expect better times ahead for the company against broadly easy y/y compares – under the condition of potential restocking, more normalized peak season seasonality and an eventual reversion of ISM readings to back above-50, the analyst tells investors in a research note. Goldman Sachs warns however that if the current trends persist around both the demand for goods and the seeming lack of retailer appetite in looking to accelerate inventory replenishment, then it could “call into question the timing of a fuller recovery”.