Why YRC Worldwide Stock Dropped 14% [The Motley Fool]
YRC WORLDWIDE (YRCW)
Last yrc worldwide earnings: 2/4 04:15 pm
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Source: The Motley Fool
Stifel waves the yellow flag of surrender. Rich Smith ( TMFDitty ) Nov 9, 2018 at 6:07PM What happened Shares of trucker YRC Worldwide ( NASDAQ:YRCW ) closed down 14% on Friday after analysts at Stifel Nicolaus -- who had previously recommended the stock in hopes of seeing at least one good quarter of growth -- finally gave up and admitted that quarter may not come. Stifel downgraded YRC stock to neutral today, and TheFly.com noted that the analyst also cut the price target by more than half, to just $7 a share. Pushed over the edge by Stifel, YRC Worldwide stock continued running downhill today. Image source: Getty Images. So what Given that YRC stock was already trading close to $7 when this downgrade came out, you might have expected investors' reaction would be a shrug -- but no such luck. Instead, Stifel's lamentation tha
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