华源证券给予长久物流“买入”评级：政府收储推动业绩改善，公路治超Q4盈利弹性可期

Core Viewpoint - Huayuan Securities has initiated a "buy" rating for Changjiu Logistics (603569.SH) at a latest price of 8.35 yuan, citing a rebound in freight rates driven by policy support and expected recovery in the transportation business [1] Group 1: Rating Justification - Policy-driven freight rates are expected to rebound, leading to a potential recovery in the full truckload transportation business [1] - Q3 profit growth is primarily attributed to government stockpiling and the advancement of highway overload control policies, with Q4 profits anticipated to improve [1] Group 2: Risks - Risks include macroeconomic fluctuations that may lead to lower-than-expected revenue growth [1] - Potential risks related to the enforcement of overload control policies not meeting expectations [1] - Operational risks associated with international business [1]