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Stock analysts at JPMorgan Chase & Co. cut their price objective on shares of Con-Way (NYSE:CNW) from $45.00 to $40.00 in a report issued on Friday, Analyst Ratings News reports. JPMorgan Chase & Co.’s price target indicates a potential downside of 3.38% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Con-Way from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $42.70 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Con-Way from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, January 10th. They noted that the move was a valuation call. Finally, analysts at Merrill Lynch downgraded shares of Con-Way to an “underperform” rating in a research note to investors on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.98.

Con-Way (NYSE:CNW) traded down 2.90% during mid-day trading on Friday, hitting $40.20. The stock had a trading volume of 1,178,855 shares. Con-Way has a 52 week low of $30.72 and a 52 week high of $46.52. The stock has a 50-day moving average of $40.15 and a 200-day moving average of $41.98. The company has a market cap of $2.287 billion and a P/E ratio of 23.75.

Con-Way (NYSE:CNW) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that Con-Way will post $1.82 EPS for the current fiscal year.

Con-way Inc and its subsidiaries (NYSE:CNW) provides transportation, logistics and supply-chain management services for a range of manufacturing, industrial and retail customers.

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