Sterne Agee Maintains Knight Transportation $25 PT (KNX)

Sterne Agee maintained its Knight Transportation KNX $25 price target in a research report published today. Sterne Agee has previously given Knight Transportation a Buy rating. In the report, Sterne Agee states, "While the company claimed $0.19 because of accelerated stock vesting – we view that as a normal operating expense. The miss was primarily due to weaker top-line growth and lower than expected incremental margins of 11.8% vs. our expectation for 18.4%. We are disappointed with KNX's incremental margins given that several of its truckload competitors reported 40%+ incrementals this quarter." Shares of Knight Transportation were trading at $19.10 at the time of posting, up 0.16% from Wednesday's market close.