Archive for March, 2015

UTi Worldwide rating upgraded by FBR & Co

Thursday, March 12th, 2015

The rating of BVI-registered global logistics company UTi Worldwide Inc. was upgraded by FBR & Co. analyst from Market Perform to Outperform. Also, FBR & Co. raised the price target of the company from US$11.00 to US$19.00. According to the report, the shares of UTi Worldwide were upgraded due to company’s business transformation and restructuring that finally came to “the point of driving considerable EBITDA and earnings growth over the next two years.”

It was also noted in the report by FBR & Co. that UTi has a new management team, and is actively working to accelerate net revenue growth through new market strategies, positive customer mix shift, and a focus on higher-touch/higher-value logistics services.

FBR & Co is a leading investment bank focused on banking, advisory, trading and research in various sectors, including energy & natural resources, diversified industrials, financial institutions, real estate, insurance, media & telecom, and many others.