Stephens & Co. Maintains Overweight on Knight-Swift, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Jack Atkins maintains an Overweight rating on Knight-Swift (NYSE:KNX) but lowers the price target from $65 to $60.
April 18, 2024 | 3:51 pm
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Stephens & Co. maintains an Overweight rating on Knight-Swift, with a reduced price target from $65 to $60.
The adjustment in price target by Stephens & Co. reflects a slightly moderated but still positive outlook on Knight-Swift. While the reduction in price target could suggest a tempered growth expectation, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals. This mixed signal might lead to short-term uncertainty among investors, but the overall positive stance is likely to support the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100