- TravelCenters of America ( NASDAQ: TA ) rose 6.1% partly rebounding from a 23% plunge on Wednesday following its Q3 results.
- B Riley analyst Bryan Maher explained in a note on Thursday that the company's AEBITDA results mostly beat expectations, but some investors may been overly high expectations. He kept his $75 price target and buy rating on the shares.
- Maher wrote that "some people opted to disregard history—and management's guidance."
- "For our part, having covered TA, in one form or another, for longer than we care to remember, we will maintain a more tempered view that CPG will settle back into the high teens in 2023 (modeling for $0.192) and 2024 ($0.184)," Maher added.
- TravelCenters ( TA ) has short interest of 5.7%.
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TravelCenters of America partly rebounds after selloff post 3Q results