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.
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