Evercore ISI Group Downgrades Knight-Swift to In-Line, Lowers Price Target to $52
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Jonathan Chappell has downgraded Knight-Swift (NYSE:KNX) from Outperform to In-Line and lowered the price target from $60 to $52.
July 21, 2023 | 10:44 am
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Knight-Swift's rating has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target of $52.
The downgrade from Outperform to In-Line suggests that the analyst believes the stock will perform approximately as well as other companies in the market, rather than outperforming them. The lowered price target from $60 to $52 indicates a negative outlook for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100