JPMorgan downgrades Con-Way (CNW:$32.82,00$0.44,001.36%) to neutral from overweight, calling the trucking company's near-term earnings outlook "grim." Firm says the driver is shipping prices for less-than-truckload freight, which it predicts are "unlikely to improve over the next several quarters." Also says if YRC Worldwide (YRCW:$1.02,00$-0.06,00-5.56%) makes it through the "seasonally lean" 1Q, "we suspect that its presence will make higher LTL prices very difficult to achieve in 2010." Slashes CNW target to $30 from $43 and halves 2010 EPS view to 90c from $1.80. CNW down 2.5% premarket to $32.00
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