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Vitran Corporation Inc.
VTNC.OISIN: CA92850E1079SEDOL: 2010245 |
Rating: BUY |
Target Price: 7.52 USD |
Investment Horizon: 6 to 12 months |
Company News Alert
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Vitran Corporation Inc’s (Vitran) NASDAQ common stock price has increased significantly since our last update report, reflecting the volatility in global equity markets. Going forward, we remain optimistic about Vitran’s fundamentals given the recent fall in oil prices and synergistic benefits from the integrated Less-than-truckload network in the Logistics segment. Therefore, we reiterate the NASDAQ common stock rating a…
3Q 08 Update Report
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Although Vitran Corporation Inc. (Vitran) reported robust revenue growth in 3Q 08, profitability declined, and was below consensus expectations, reflecting the negative impact of rising costs and pricing pressures in a weak economic environment. Going forward, we expect revenue growth to remain flat, reflecting the recently acquired facility in the Logistics segment, limited by the economic downturn in North America....
3Q 08 News Alert
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Although Vitran Corporation Inc. (Vitran) reported growth in revenues in 3Q 08, profitability declined due to the negative impact of rising costs and pricing pressures in a weak economic environment. 3Q 08 performance was below consensus estimates and we expect to reduce our estimates going forward given the weak 3Q 08 performance and global economic slowdown…
Company News Alert
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The recent turmoil in US financial markets and the prevailing economic slowdown has significantly impacted Vitran Corporation Inc’s (Vitran) common stock price, which has declined 18.8% since our last update report....
Company News Alert
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Vitran Corporation Inc.’s (Vitran) 2Q 08 revenues and profitability were above our estimate. In light of the company’s 2Q 08 results, we expect to increase our estimates and target price when we revalue the company in our next full update report. The common stock price has appreciated significantly since our last update dated 20 June 2008....
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