TD Cowen analyst Jason Seidl lowered the firm’s price target on Knight-Swift to $59 from $62 and keeps an Outperform rating on the shares. The firm said its 2Q miss was accompanied by a notable lowering of guidance on sustained TL intermodal market weakness and margin dilution from the USX acquisition.
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Read More on KNX:
- Knight-Swift price target lowered to $51 from $53 at Susquehanna
- Knight-Swift downgraded to In Line from Outperform at Evercore ISI
- Knight-Swift cuts FY23 adjusted EPS view to $2.10-$2.30 from $3.35-$3.55
- Knight-Swift reports Q2 adjusted EPS 49c, consensus 57c
- Knight Transportation options imply 3.7% move in share price post-earnings
