Knight-Swift price target lowered to $58 from $62 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on Knight-Swift (KNX) to $58 from $62 and keeps an Overweight rating on the shares following Q1 report. Truckload contract rate improvement is still expected, but offset by weak spot market activity which softened in March, the analyst tells investors in a research note. The firm says a volatile freight market will likely keep Knight-Swift’s “earnings in check, at least until more tariff clarity is provided.”