By: Benzinga
December 07, 2012 at 10:54 AM EST
UPDATE: Stifel Nicolaus Cuts PT to $16 on UTi Worldwide on Macro Headwinds
Stifel Nicolaus reiterated its Buy rating on UTi Worldwide (NASDAQ: UTIW ) but reduced its price target from $18 to $16. Stifel Nicolaus noted, "UTi Worldwide reported a poor F3Q13, as the airfreight slump continues, Europe's weakness weighs on its Contract Logistics business, and the company suffered from a
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