JPMorgan lowered the firm’s price target on Knight-Swift (KNX) to $48 from $52 and keeps a Neutral rating on the shares. The firm updated transport and logistic estimates and price targets ahead of the Q3 reports. JPMorgan lowered estimates across the board, saying tariffs and trade policy uncertainty persisted while spot truckload rates remain subdued.
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Read More on KNX:
- Knight-Swift price target lowered to $67 from $68 at Morgan Stanley
- Knight-Swift upgraded to Buy from Hold at Stifel
- Knight-Swift price target lowered to $50 from $55 at Barclays
- Knight-Swift upgraded to Buy from Hold at Deutsche Bank
- Knight-Swift price target lowered to $42 from $47 at Evercore ISI