Barclays Maintains Overweight on Knight-Swift, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski maintains an Overweight rating on Knight-Swift (NYSE:KNX) but lowers the price target from $62 to $57.
April 18, 2024 | 3:26 pm
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Barclays maintains an Overweight rating on Knight-Swift but lowers the price target from $62 to $57.
The adjustment in price target by Barclays reflects a nuanced view on Knight-Swift's future performance. While the Overweight rating indicates a positive outlook on the stock, the reduction in price target suggests a tempering of expectations regarding its growth potential. This could lead to mixed reactions in the short term, as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100