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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Read More on KNF:
- Knife River management to meet with DA Davidson
- Knife River Corporation Holds Annual Meeting with Key Approvals
- Knife River management to meet with Loop Capital
- Knife River price target raised to $114 from $102 at Wells Fargo
- Buy Rating for Knife River Corporation: Strategic Growth and Profitability Potential Amid Construction Season and Key Acquisitions
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