Baird maintained its Outperform rating on Ryder System Inc. The firm significantly raised its price target from $253.00 to $290.00. This adjustment follows a series of recent upgrades from multiple investment firms.
Ryder is currently implementing aggressive cost-cutting initiatives. The company is also benefiting from strong used vehicle sales. Management raised its full-year 2026 adjusted earnings guidance to a range of $14.05 to $14.80 per share.
Separately, Ryder announced the winners of its 54th annual Driver of the Year award to recognize employee excellence.