Benchmark raised the firm’s price target on Knight-Swift (KNX) to $70 from $65 and keeps a Buy rating on the shares. The firm, which is reducing near-term estimates ahead of first quarter results, says it expects the company to report Q1 results below the company’s 28c-32c EPS guidance range. While Q1 is shaping up weaker than initially expected, the firm anticipates management commentary to turn “incrementally more constructive on the outlook beyond the first quarter,” the analyst tells investors in a preview.
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