Ryder price target raised to $115 from $113 at Goldman Sachs

Goldman Sachs analyst Jordan Alliger raised the firm’s price target on Ryder to $115 from $113 and keeps a Buy rating on the shares. The analyst cites the company’s Q3 earnings beat while noting that higher than expected margins across all segments was encouraging, highlighting that Ryder’s initiatives to create a more resilient business through the cycle is paying off. The firm adds it has come away encouraged regarding all segments having achieved their long-term EBT margin targets in a challenging environment.