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Echo Global Logistics Inc. (ECHO) [hlAlert]

down 13.08 %

Echo Global Logistics Inc. (ECHO) rated Buy with price target $31 by UBS

Posted on: Wednesday,  Feb 18, 2015  2:25 PM ET by UBS

UBS rated Buy Echo Global Logistics Inc. (NASDAQ: ECHO) on 02/18/2015, when the stock price was $26.68. Since
then, Echo Global Logistics Inc. has lost 13.08% as of 01/12/2016's recent price of $23.19.
If you would have followed this UBS's recommendation on ECHO, you would have lost 13.08% of your investment in 328 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/18/2015 2:25 PM Buy
26.68 31.00
as of 8/27/2015
1 Week down  -7.90 %
1 Month down  -32.07 %
3 Months down  -25.72 %
1 YTD down  -13.08 %

(*) Stock Price at the time of the recommendation.
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