Jul. 15 at 4:14 PM
Citizens initiated coverage of 22 Transportation, Logistics, and Services stocks with a mix of Market Outperform and Market Perform ratings, citing an expected acceleration in earnings growth and favorable momentum through late 2027. The firm views the early stages of an economic recovery as one of the most attractive periods of the cycle for transportation stocks.
Among large-cap names, Citizens' top picks are FedEx, FTAI Aviation, Union Pacific, and C.H. Robinson. In the mid- and small-cap space, it favors GXO Logistics, U-Haul's parent company, Knight-Swift Transportation, Wabash National, Covenant Logistics, and assigns a Market Outperform rating to FTAI Infrastructure.
Citizens projects U.S. real GDP growth of 2.3% in 2026 and 2.1% in 2027, supporting low-single-digit growth for rail freight and low- to mid-single-digit growth for trucking.
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