Knight-Swift Transportation Holdings Inc. Announces Results for Third Quarter 2024
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Knight Transportation (KNX) PT Raised to $56 at Citi
October 24, 2024 5:57 AM EDTCiti analyst Ariel Rosa raised the price target on Knight Transportation (NYSE: KNX) to $56.00 (from $55.00) while maintaining a Neutral rating.
The analyst comments "KNX reported 3Q24 adj. EPS of $0.34 beating our/Street estimates by $0.02. Results were driven by below-the-line items, with revenue... More
Barclays Reiterates Overweight Rating on Knight Transportation (KNX)
October 24, 2024 5:37 AM EDTBarclays analyst Brandon Oglenski reiterated an Overweight rating and $62.00 price target on Knight Transportation (NYSE: KNX)
The analyst comments "Where we stand: Knight-Swift's third quarter result reflected a still-challenged fundamental backdrop, though management offered some optimism on pricing heading into next year. The Truckload vertical drove an operating miss to our forecast as lower utilization coincided with softer-than-expected margins, with LTL results also pressured by startup costs and newer, less efficient terminals. Nonetheless, management called out pockets of tightness across the market driving some project business in the fourth quarter, also noting that... More
