RYDER: $40 Short Sell Target

29 Nis 2020

First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, I want to make a few points. Ryder had its recent earnings call today, which overall wasn't positive but still beat many estimates and expectations. Given that, the growth potential isn't as much as it could be, however it shouldn't meet a bearish run as a result. I think given the potential growth correlations for the next few month, it could still peak towards or past the $40 threshold.