Benchmark analyst Christopher Kuhn initiated the coverage of Forward Air Corp FWRD with a Hold rating.
The analyst believes both the LTL and Intermodal segments are in attractive, growing industries. FWRD has several revenue growth opportunities in 2022, which should drive margin expansion.
Kuhn states that the company has successfully improved its freight profile over the last several quarters focusing on only high-value, palletized freight, making the network more efficient.
