DA Davidson lowered the firm’s price target on Knife River (KNF) to $95 from $105 and keeps a Buy rating on the shares. The firm is reducing its 2025-26 estimates to reflect weather-related challenges, including where Strata operates, and the consideration of potential lingering market pressure in Oregon – the company’s largest market, the analyst tells investors in a research note. DA Davidson still sees the eventual stabilizing of Oregon market trends and benefits of healthy broader end market budgets as positives for the stock.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNF:
- Knife River price target lowered to $100 from $120 at Oppenheimer
- Knife River price target raised to $97 from $96 at Wells Fargo
- Positive Outlook for Knife River Corporation Amid Temporary Setbacks and Strategic Growth Initiatives
- Knife River’s Earnings Call: Record Backlog Amid Challenges
- Knife River Corporation Reports Q2 2025 Financial Results