Ryder System, Inc. (NYSE:R): Q3 Earnings Outlook and Analyst Downgrade Analysis

• Ryder System, Inc. (NYSE:R) is set to release its third quarter 2026 results on October 22, 2026, followed by an investor conference call.
• Analyst Dan Moore from Robert W. Baird downgraded Ryder System stock to a Neutral rating, setting a new price target of $245.
• Despite the downgrade, major institutional investors like Bank of America Corp DE, BlackRock Inc., and Norges Bank have significantly increased their stakes in Ryder System.

Ryder System, Inc. (NYSE:R) is a logistics and transportation company that provides services like fleet management and supply chain solutions. The company is scheduled to release its third quarter 2026 results on October 22, 2026, as announced by Business Wire. This will be followed by a conference call for investors and analysts.

On September 29, 2026, analyst Dan Moore from Robert W. Baird downgraded Ryder System to a Neutral rating. As reported by StreetInsider, the firm also set a new price target of $245 for the stock. A price target is an analyst's projection of a stock's future price.

At the time of the report, the stock's price was $233.93. The new target of $245 suggests a potential upside of 4.73%. This indicates the analyst believes the stock has limited room for growth in the near term, which aligns with the Neutral rating.

Despite the downgrade, several large institutional investors have recently acquired shares in Ryder System. As highlighted by Defense World, Bank of America Corp DE purchased a new stake of 787,388 shares. This new position is valued at approximately $207.70 million.

Other major firms also established new positions in Ryder System. BlackRock Inc. acquired a stake worth about $1.06 billion, and Norges Bank purchased shares valued at approximately $111.20 million. These large-scale purchases show significant interest from major financial institutions.