Bloomberg Markets with Carol Massar and Cory Johnson.\u0010\u0010GUEST:\u0010David Wilson\u0010Stocks Editor\u0010Bloomberg News\u0010Discussing his "Stock of the Day" Covenant Transportation Group (CVTI). Covenant Transportation Group Inc.'s shares are headed for their biggest decline in a year after Cowen cut its rating on the trucking company and said many of its peers were overvalued. Covenant was lowered to the equivalent of hold from buy after a third-quarter surge of 65 percent, the biggest in any quarter since 2009. Cowen's 12-month price estimate for the stock is $24, lower than the current market price.

<p>Bloomberg Markets with Carol Massar and Cory Johnson.\u0010\u0010GUEST:\u0010David Wilson\u0010Stocks Editor\u0010Bloomberg News\u0010Discussing his "Stock of the Day" Covenant Transportation Group (CVTI). Covenant Transportation Group Inc.'s shares are headed for their biggest decline in a year after Cowen cut its rating on the trucking company and said many of its peers were overvalued. Covenant was lowered to the equivalent of hold from buy after a third-quarter surge of 65 percent, the biggest in any quarter since 2009. Cowen's 12-month price estimate for the stock is $24, lower than the current market price.</p>

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

<p>Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;</p>

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

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Bloomberg Markets: Dave Wilson’s Stock of the Day for Oct. 16

Bloomberg Markets: Dave Wilson's Stock of the Day for Oct. 16

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2b1eeed2-849f-4b47-a0a3-ae2b00cd4636/transcript