BofA lowered the firm’s price target on Knight-Swift (KNX) to $47 from $48 and keeps a Neutral rating on the shares. The firm lowered its Q2, 2025, and 2026 EPS estimates 9%, 4%, and 2% to 32c, $1.45,and $2.25, respectively. The Q2 reductions are led by slight sequential moderation in Q1-Q2 Trucking revenue/mile excluding-fuel surcharges and less-than-truckload margin pressure as Knight-Swift expands its network, the analyst noted.
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Read More on KNX:
- Cautious Outlook for Knight Transportation Amid Rate Pressures and Network Expansion Costs
- Knight-Swift upgraded to Buy from Neutral at Goldman Sachs
- Knight Transportation Positioned for Growth Amid Favorable Market Conditions and Strategic Management
- Citi ups Knight-Swift target, adds ‘upside 90-day catalyst watch’
- Knight-Swift price target raised to $48 from $43 at BofA
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