Susquehanna analyst Bascome Majors lowered the firm’s price target on Knight-Swift (KNX) to $45 from $54 and keeps a Positive rating on the shares. The firm views the company’s decision not to guide 3Q as prudent; breaking with recent two-quarter forward practice, and believe very valid fears around the retail macro and truckload pricing/margins will quickly de-risk estimates for 2025.
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Read More on KNX:
- Knight-Swift price target lowered to $50 from $55 at Raymond James
- Knight-Swift price target lowered to $43 from $46 at BofA
- Knight Transportation’s Strong Q1 2025 Performance and Growth Prospects Justify Buy Rating
- Knight Transportation’s Strong LTL Performance and Strategic Expansion Support Buy Rating Despite TL Challenges
- Knight-Swift price target lowered to $58 from $62 at Barclays
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