An analyst at TD Cowen has revised the price target for Covenant Logistics (CVLG, Financial), bringing it down by a dollar to $30, while maintaining a Buy rating on the stock. This adjustment follows Covenant Logistics' report for the first quarter, which aligned with both TD Cowen's projections and general market expectations.
The company is experiencing heightened competitive pressure in its dedicated services segment. Despite these challenges, management continues to approach bid seasons and pricing strategies with a level-headed strategy.
