Susquehanna lowered the firm’s price target on Knight-Swift to $50 from $59 and keeps a Neutral rating on the shares. The firm said they are not surprised the company pre-announced, but are surprised by the magnitude of the miss for 1Q and 2QE. Susquehanna meaningfully cut 2024-25 forecasts again today, though it finally looks like the new 2024 base of $1.20 is de-risked to a point the company can almost cetainly grow from.
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Read More on KNX:
- Knight-Swift price target lowered to $58 from $64 at BofA
- Knight-Swift price target lowered to $55 from $67 at Wolfe Research
- Knight-Swift price target lowered to $60 from $62 at JPMorgan
- Knight-Swift price target lowered to $62 from $65 at Barclays
- Knight-Swift price target lowered to $59 from $62 at Susquehanna
