Knight-Swift Transportation shares are trading higher after the company reported better-than-expected Q2 revenue results. Also, JP Morgan raised its price target on the stock from $51 to $57.
Portfolio Pulse from Benzinga Newsdesk
Knight-Swift Transportation shares are trading higher after the company reported better-than-expected Q2 revenue results. Additionally, JP Morgan raised its price target on the stock from $51 to $57.
July 25, 2024 | 5:29 pm
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Knight-Swift Transportation shares are trading higher due to better-than-expected Q2 revenue results and a price target increase from JP Morgan.
The better-than-expected Q2 revenue results indicate strong financial performance, which is a positive signal for investors. Additionally, JP Morgan's price target increase from $51 to $57 reflects increased confidence in the stock's future performance, likely driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100