UBS raised the firm’s price target on Knight-Swift (KNX) to $54 from $51 and keeps a Neutral rating on the shares. Knight-Swift reported Q4 EPS below consensus and expectations, driven by weaker-than-expected Truckload and Logistics operating income, and guided to a muted Q1 EPS range, the analyst tells investors in a research note. While management noted modest improvement in Truckload balance and LTL demand from year-end lows, visibility into a broader cycle recovery remains limited for Q1, UBS argues.
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