UBS downgraded Knight-Swift (KNX) to Neutral from Buy with a price target of $51, up from $46. The firm believes a pricing inflection the truckload market is now less likely in the near term. Capacity is gradually exiting, but UBS does not see a clear demand catalyst for the mid-single-digit truckload rate increases that is reflected in the 2026 consensus estimates, the analyst tells investors in a research note. The firm sees 10% downside risk to consensus estimates next year and downgraded three truckload names.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNX:
- Trump Trade: $2B of CHIPS Act funds may be reallocated to minerals
- U.S. halts worker visas for commercial truck drivers, says Rubio
- Knight Transportation Declares Quarterly Cash Dividend
- Knight-Swift price target raised to $60 from $55 at Baird
- Knight Transportation’s Earnings Call: Balancing Growth and Challenges