Citi lowered the firm’s price target on Knight-Swift (KNX) to $53 from $54 and keeps a Buy rating on the shares as part of a Q3 preview for the transportation sector. The firm expects “tepid” quarters for most of the group due to soft freight rates and unfavorable supply/demand dynamics.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNX: