Raymond James lowered the firm’s price target on Knight-Swift to $57 from $58 and keeps a Strong Buy rating on the shares. Knight-Swift is one of the most idiosyncratic stories in the firm’s transport coverage even though the truckload market inflection will take time to develop given a cloudy demand environment and still resilient TL supply base, the analyst tells investors in a research note. The firm sees a compelling risk/reward setup.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNX:
- Knight-Swift price target raised to $55 from $54 at BofA
- KNX Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Knight-Swift downgraded to Peer Perform at Wolfe on EPS risk
- Knight-Swift downgraded to Peer Perform from Outperform at Wolfe Research
- Knight-Swift price target lowered to $58 from $59 at UBS