Will Con-Way (CNW) Stock React Positively To This Ratings Upgrade?

NEW YORK (TheStreet) -- Con-Way Inc. (CNW) was upgraded to "buy" from "hold" at Wunderlich Securities on Friday.

The firm said it raised its rating on the company, which provides transportation, logistics, and supply-chain management services to retail, manufacturing, and industrial customers, based on improving demands, which will help to boost margins.

Wunderlich increased its price target on the stock to $57 from $44.

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Separately, TheStreet Ratings team rates CON-WAY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate CON-WAY INC (CNW) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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