Morgan Stanley Maintains Overweight on Knight-Swift, Lowers Price Target to $72
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 $75 to $72.
July 31, 2023 | 1:33 pm
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Knight-Swift's price target has been lowered from $75 to $72 by Morgan Stanley, though the Overweight rating is maintained.
The news directly pertains to Knight-Swift as Morgan Stanley has lowered its price target for the company. However, the Overweight rating suggests that the analyst still sees potential in the stock, which could mitigate any negative impact from the lowered price target. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100