NEW YORK, newratings. com Analysts at Morgan Keegan maintain their market perform rating on Covenant Transport Inc CVTI, while reducing their estimates for the company. In research note published this morning, the analysts mention that the companys turnaround initiatives are unlikely to bear substantial results until truckload fundamentals improve. The analysts expect the TL operating environment to remain challenging through 1H08, given the weaker economic outlook for the near term. The EPS estimates for and have been reduced from 1. 04 to 1. 33 and from 0. 20 and 1. 04, respectively..
The EPS estimates for and have been reduced from 1. 04 to 1. 33 and from 0. 20 and 1. 04, respectively.. NEW YORK, newratings. com Analysts at Morgan Keegan maintain their market perform rating on Covenant Transport Inc CVTI, while reducing their estimates for the company. In research note published this morning, the analysts mention that the companys turnaround initiatives are unlikely to bear substantial results until truckload fundamentals improve. The company is unlikely to achieve profitability in the near term, Morgan Keegan adds.
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