Stifel Maintains Buy on Knight-Swift, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan maintains a Buy rating on Knight-Swift (NYSE:KNX) but lowers the price target from $60 to $53.
April 18, 2024 | 5:33 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Knight-Swift but lowers the price target from $60 to $53.
While the reduction in price target could suggest a tempered outlook on Knight-Swift's short-term stock price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100