Knight-Swift price target lowered to $61 from $63 at Stifel

Stifel lowered the firm’s price target on Knight-Swift (KNX) to $61 from $63 and keeps a Buy rating on the shares. Knight reported Q4 adjusted EPS short of the firm’s 37c estimate and consensus of 35c, notes the analyst. While stating “this wasn’t the print we were looking for,” the firm adds that the bulk of the miss came from the deleveraging effect of soft demand in most segments and says it would be buyers on weakness as its supply thesis is intact.