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Trucking Sector Sinks On Valuation, Growth Outlook

2014-10-30 18:18:16| Trucking - Topix.net

Sky-high stock prices in the trucking sector and prospects for slower 2015 growth sent the sector skidding lower Wednesday. With a cyclical demand uptick likely to diminish next year, along with growing price competition and increasingly difficult quarterly comparisons, Credit Suisse's Allison M. Landry downgraded C.H. Robinson Worldwide, Inc. Thursday to Underperform, from Neutral.

Tags: growth sector outlook valuation

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