B of A Securities Maintains Buy on Knight-Swift, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains a Buy rating on Knight-Swift (NYSE:KNX) but lowers the price target from $58 to $54.

April 18, 2024 | 12:09 pm
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B of A Securities maintains a Buy rating on Knight-Swift but lowers the price target from $58 to $54.
The adjustment in price target by B of A Securities reflects a nuanced view on Knight-Swift's future performance. While the Buy rating indicates continued confidence in the company's fundamentals, the reduction in price target suggests a recalibration of expectations, possibly due to market conditions or company-specific factors not detailed in the article. This could lead to short-term price volatility as investors digest the implications of the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100