UPDATE: Citigroup Upgrades Swift Transportation

In a note released Monday morning, Citigroup upgraded shares of Swift Transportation Co SWFT from Neutral to Buy, but trimmed the price target from $27 to $26.

The firm commented, "We view the risk/reward as particularly compelling. Doing the math suggests an achievable walk to 30 percent EPS growth - assuming Swift hits the low end range of its 2014 EPS target range of $1.24."

Looking to 2015, Citi has lowered its EPS estimate from $1.70 to $1.60.

Shares were trading up 1.6 percent amid the upgrade.