Stifel Downgrades Knight Transportation (KNX) to Hold

(Updated)

Stifel downgraded Knight Transportation (NYSE: KNX) from Buy to Hold and removed its price target (prior $27). The change follows Q1 results, with EPS $0.01 below consensus.

"We are trimming our EPS estimates from $1.30 and $1.45 to $1.24 and $1.40 for 2016 and 2017, respectively," said analyst John G. Larkin." Our 12-month fair value estimate decreases to $26, or 18.5x our just revised 2017 EPS estimate of $1.40."

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 $26.73 yesterday.

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