Universal Logistics upgraded to Buy from Hold at Stifel

Stifel upgraded Universal Logistics to Buy from Hold with a price target of $36, up from $35. The firm said that Universal’s story is a “delicacy,” or a niche menu item for those with a rarified and eclectic palate, and for those the firm sees an attractive opportunity. Universal Logistics is an asset light company, which is structurally much-improved, but never got credit for those significant structural changes, the analyst tells investors in a research note.