{
  "id": 10720526,
  "title": "Why is Ryder System stock sliding today?",
  "url": "https://urgent.news/2026/09/29/why-is-ryder-system-stock-sliding-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T15:27:08.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-ryder-system-stock-sliding-today-93CH-4923111"
  },
  "original_language": "en",
  "account": "Ryder System stock is experiencing a decline of 2.4% in early trading after investment firm Baird reduced its rating on the shares from \"Outperform\" to \"Neutral\" and lowered the price target from $290 to $245. The downgrade is based on a significant disparity between Baird's earnings forecast of $16.02 for 2027 and the prevailing consensus of $17.87. Baird believes it cannot align its more cautious outlook with the current market expectations. The downgrade also points to structural challenges inherent to Ryder's business model, including higher interest rates that increase costs for the capital-intensive fleet leasing company and potentially dampen demand for new leases and rentals. Additional factors contributing to the pressure on Ryder's margins include record-high fuel prices and the company's next earnings release, scheduled for October 22, 2026, which leaves a long time until the next opportunity to challenge the revised thesis. The broader U.S. equity market is not providing much support as S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all show negative movement, while Treasury yields remain elevated due to unresolved U.S.-Iran tensions that have kept energy markets volatile. The risk-averse sentiment is particularly detrimental to capital-intensive industrial stocks like Ryder, which are sensitive to both borrowing costs and fuel prices. The combination of the Baird downgrade, with a much lower earnings forecast and a significant price target reduction, and the challenging macroeconomic environment characterized by rising yields and high energy costs, has forced Ryder shares toward the lower end of its intraday trading range of $226.33 to $229.79, causing the stock to trade well below its 52-week high of $284.25.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}