DA Davidson lowered the firm’s price target on Knife River (KNF) to $120 from $125 and keeps a Buy rating on the shares. The firm is reducing its Q2 estimates to reflect private sector trends, which could have more of an impact than previously recognized, the analyst tells investors in a research note. The firm adds however that the company’s optimization/expansion story still lends attractive catalysts for the stock beyond the near term factors.
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