Stock Track | Knight Transportation Soars 5.89% in Pre-Market on Multiple Analyst Price Target Upgrades

Stock Track

04/23

Knight Transportation's stock surged 5.89% in pre-market trading, driven by a wave of positive analyst actions following the company's recent earnings report.

Multiple Wall Street firms raised their price targets on Knight-Swift Transportation after the company reported first-quarter results. While the company swung to a loss due to a tightening truckload market and higher fuel costs from the war in Iran, it noted that trends in transportation markets are improving.

Analyst upgrades included UBS raising its target to $79 from $66, TD Cowen increasing to $78 from $60, Benchmark lifting to $75 from $70, and Barclays maintaining a Buy rating with a $75 target. Additional upgrades came from JP Morgan, Stifel, and Baird, all raising their price targets on the transportation company.

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