Morgan Stanley Maintains Overweight on Knight-Swift, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Overweight rating on Knight-Swift (NYSE:KNX) but lowers the price target from $72 to $70.
October 24, 2024 | 4:49 pm
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Morgan Stanley has maintained its Overweight rating on Knight-Swift but has slightly reduced the price target from $72 to $70, indicating a minor adjustment in expectations.
The Overweight rating suggests continued confidence in Knight-Swift's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100