Thursday, January 03, 2008

YRC Stock Slides Further

Shares in trucking company YRC Worldwide Inc. fell for the second day running on Thursday, sliding more than 10 percent as analysts recommended avoiding the stock following a hefty write-down on Wednesday.

YRC's renewed fall was fueled in part by a downgrade to "underperform" from "market perform" from Wachovia.

"We are having trouble finding a bottom for this stock and have little confidence that material improvement is on the horizon," analyst Justin Yagerman wrote in a research note. Full Story.....

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