Citi analyst Ariel Rosa raised the firm’s price target on Knight-Swift (KNX) to $54 from $53 and keeps a Buy rating on the shares. The firm sees balanced risk/rewards for transport stocks heading into the Q2 reports due macro uncertainty and a “still-soft” demand backdrop. Citi is “less enthusiastic” on the sector relative to three months ago due to the recent rally in the shares.
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Read More on KNX:
- Knight-Swift price target lowered to $45 from $46 at JPMorgan
- Knight-Swift resumed with an Outperform at Baird
- Knight-Swift price target raised to $52 from $45 at Susquehanna
- Knight-Swift price target lowered to $47 from $48 at BofA
- Cautious Outlook for Knight Transportation Amid Rate Pressures and Network Expansion Costs