Echo Global Logistics Inc. (ECHO) rated Buy with price target $22 by …
Stifel Nicolaus rated Buy Echo Global Logistics Inc. (NASDAQ: ECHO) on 06/22/2012. Previously Stifel Nicolaus rated Buy Echo Global Logistics Inc. (NASDAQ: ECHO) on 04/05/2012., when the stock price was $16.88. Since then, Echo Global Logistics Inc. has gained 9.30% as of 06/22/2012’s recent price of $18.45. If you would have followed the previous Stifel Nicolaus’s recommendation on ECHO, you would have gained 9.3% of your investment in 78 days.
Echo Global Logistics, Inc. is a provider of technology enabled business process outsourcing (BPO) serving the transportation and logistics needs of its clients. The Company?s technology platform compiles and analyzes data from its diversified network of over 16,000 transportation providers to serve the Company?s clients’ shipping needs and optimize their freight management. Echo Global Logistics, Inc?s technology enables it to identify excess transportation capacity and obtain preferential rates, service terms and cost savings for its clients. It provides solutions across all major transportation modes, including truckload (TL), less than truck load (LTL), small parcel, inter-modal, domestic air, expedited services and international. The core logistics services include pre-engagement freight analysis and rate negotiation. In June 2009, the Company acquired Raytrans Distribution Services, Inc., a transportation brokerage firm based in Matteson, Illinois.
Stifel Nicolaus1 research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus2 believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.