Morgan Stanley Maintains Overweight on Knight-Swift, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on Knight-Swift (NYSE:KNX), but lowered the price target from $80 to $75.
July 06, 2023 | 1:52 pm
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Knight-Swift's price target has been lowered by Morgan Stanley from $80 to $75, though the Overweight rating is maintained.
The news is directly about Knight-Swift and is likely to impact its stock price. While the Overweight rating indicates that Morgan Stanley still sees the stock as a good investment, the lowering of the price target may cause some investors to reassess their positions, potentially leading to short-term price volatility.
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