Analysts weigh in on Knight Transportation after challenging quarter

• Stifel Nicolaus lowers Knight Transportation (NYSE:KNX) to a Hold rating after having the trucking stock set at Buy.
• Cowen keeps Knight at Market Perform and adds a dollar to its price target to take it to $29.
• Credit Suisses maintains an Outperform rating on KNX and assigns a $29 price target.
• Knight Transportation reported a 24% drop in net income during Q1 as excess trucking capacity and weak industrial production in the U.S. impacted demand.
• Now read the Knight Transportation earnings call transcript