UPDATE: Credit Suisse Upgrades Knight Transportation (KNX) to Neutral
Credit Suisse upgraded Knight Transportation (NYSE: KNX) from Underperform to Neutral with a price target of $26 (from $28). The change follows Q3 results.
Analyst Allison M. Landry said, "We are upgrading our investment opinion on KNX to Neutral from Underperform. We have raised our FY14 EPS estimate to $1.17 from $1.14. Our FY15 and FY16 EPS forecasts increase to $1.34 and $1.48 from $1.28 and $1.40, respectively. Our DCF-derived target price is $28 (from $26) - as this implies ~1% upside, we no longer believe that our previous Underperform rating is warranted."
For an analyst ratings summary and ratings history on Knight Transportation click here. For more ratings news on Knight Transportation click here.
Shares of Knight Transportation closed at $28.18 yesterday.