Con-way (CNW) stock was upgraded today by Stifel Nicolaus from a former Hold rating to a Buy rating. The price target that Stifel Nicolaus has on the company is set to $46 dollars noting they see the opportunity for continued growth within their industry.
Shares of CNW are currently trading above its 50 & 200 day moving averages with resistance located at the standing high of the $40.36 price mark. CNW is currently trading with a yearly gain overall for 2011. The company is slated to have their next earnings release on August 4, 2011. CNW has a market cap of about $2,093,000,000 and 55,420,000 shares outstanding.
Con-way Inc. (CNW) was incorporated in Delaware in 1958. Con-way Inc. and its subsidiaries (“Con-way” or “the Company”) provide transportation, logistics and supply-chain management services for a wide range of manufacturing, industrial and retail customers. Con-way’s business units operate in regional and transcontinental less-than-truckload and full-truckload freight transportation, contract logistics and supply-chain management, multimodal freight brokerage, and trailer manufacturing.