BofA lowered the firm’s price target on Knight-Swift to $58 from $64 and keeps a Buy rating on the shares. The firm lowered its truckload Q1 EPS estimates 11% on average and 2024 EPS estimates 8% on average, citing demand, rate, and margin pressure from the elongated freight downcycle.
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Read More on KNX:
- 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
- Knight Transportation Announces New CEO and CFO
