Barclays Maintains Overweight on Knight-Swift, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Overweight rating on Knight-Swift (NYSE:KNX) but has lowered the price target from $65 to $62.
April 01, 2024 | 1:14 pm
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Barclays maintains an Overweight rating on Knight-Swift but lowers the price target from $65 to $62.
The adjustment in price target by Barclays, while maintaining an Overweight rating, suggests a positive outlook on Knight-Swift's fundamentals but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target alongside the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100