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Friday, December 08, 2006 7:52:28 AM ET
BB&T Capital Markets
NEW YORK, December 8 (newratings.com) - Analysts at BB&T Capital Markets downgrade YRC Worldwide Inc (ticker: YRCW) from "buy" to "hold," while reducing their estimates for the company.
In a research note published this morning, the analysts mention that the moderating economic environment might affect YRC Worldwide’s high fixed-cost network. Channel checks indicate that Yellow Regional’s volumes are under pressure on account of the sustained weakness in auto and manufacturing, the analysts say. The EPS estimates for 2006, 2007 and 2008 have been reduced from $5.56 to $5.27, from $5.95 to $5.44 and from $6.48 to $5.96, respectively.
YRC Worldwide downgraded to "hold" - update | newratings.com
also a good article on this
Analysts downgrade YRC Worldwide - Kansas City Business Journal: