Stifel Starts Daseke (DSKE) at Buy

Stifel initiates coverage on Daseke (NASDAQ: DSKE) with a Buy rating and a price target of $13.00.

Analyst John Larkin notes Daseke, formed just 9 years ago, has grown through acquisitions and accelerated organic growth to become the second largest operator for flatbed/open deck/specialized transportation in the U.S..

Larkin sees future growth driven by additional acquisitions and the acceleration of organic growth within each of the operating units. Organic growth will be powered by cost savings largely resulting from centralized purchasing, the plentiful availability of growth capital, customer cross selling, and the availability of a common operating platform, the analsyt said.

For an analyst ratings summary and ratings history on Daseke click here. For more ratings news on Daseke click here.

Shares of Daseke closed at $10.08 yesterday.

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