Barclays raised the firm's price target on Heartland Express to $12 from $10 and keeps an Underweight rating on the shares. The firm says truckload spot rates were sequentially stable week-over-week and up 25% from last year. Incremental demand indicators are favorable, the analyst tells investors in a research note. Barclays updated Heartland's estimates after the company's Q1 came in ahead of its forecast driven by lower operating expenses.
