UBS expects Knight-Swift Transportation to truck higher
Oct. 11, 2019 8:13 AM ETKnight-Swift Transportation Holdings Inc. (KNX)KNXBy: Clark Schultz, SA News Editor1 Comment
- UBS hikes Knight-Swift Transportation (NYSE:KNX) to a Buy rating from Neutral on its view that truckload market metrics are on the mend.
- The firm sees some easier comparisons for KNX ahead and notes the company has the greatest leverage to the truckload cycle in the sector.
- UBS assigns a price target of $40 to Knight-Swift vs. the 52-week trading range of $23.27 to $39.26 and sell-side consensus PT of $41.70.