JPMorgan lowered the firm’s price target on Knight-Swift (KNX) to $45 from $46 and keeps a Neutral rating on the shares. The firm updated transportation and logistics estimates and price targets as part of a Q2 earnings preview. JPMorgan reduced estimates across the board, saying tariffs and trade policy uncertainty has persisted while spot truckload rates went down before bouncing back around the July 4 holiday.
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Read More on KNX:
- Knight-Swift resumed with an Outperform at Baird
- Knight-Swift price target raised to $52 from $45 at Susquehanna
- Knight-Swift price target lowered to $47 from $48 at BofA
- Cautious Outlook for Knight Transportation Amid Rate Pressures and Network Expansion Costs
- Knight-Swift upgraded to Buy from Neutral at Goldman Sachs