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These Analysts Revise Their Forecasts On Knight-Swift Following Q3 Results
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Knight-Swift Transportation Holdings Inc (NYSE:KNX) posted better-than-expected earnings for the third quarter.

The company posted adjusted earnings of 83 cents per share, beating market estimates of 76 cents per share. The company’s sales came in at $2.200 billion versus estimates of $2.155 billion.

Knight-Swift said it sees fourth-quarter adjusted earnings of 78 cents to 84 cents per share.

Knight-Swift shares rose 0.1% to trade at $63.26 on Thursday.

These analysts made changes to their price targets on Knight-Swift following earnings announcement.

  • Stifel analyst J. Bruce Chan maintained the stock with a Buy and raised the price target from $90 to $92.
  • JP Morgan analyst Brian Ossenbeck maintained the stock with a Neutral and raised the price target from $68 to $74.
  • Wells Fargo analyst Christian Wetherbee maintained the stock with an Overweight rating and lowered the price target from $81 to $79.
  • Evercore ISI Group analyst Jonathan Chappell maintained the stock with an Outperform rating and raisd the price target from $74 to $79.

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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