Wells Fargo Bumps Up Knight-Swift Price Target By ~10%

  • Wells Fargo analyst Allison Poliniak-Cusic raised the price target on Knight-Swift Transportation Holdings Inc KNX to $69 (an upside of 13.5%) from $63 and maintained an Overweight rating on the shares. 
  • The analyst recently spent time with CEO Dave Jackson and walked away with a stronger appreciation for Knight's business model and return profile. 
  • Poliniak-Cusic believes that Knight-Swift's free cash flow/share will continue to positively evolve, approaching $7 per share exiting 2021, as management not only has a stronghold on managing its network but also is focused on taking on the right business, which she thinks will only further improve returns over the course of a cycle.
  • Recently, Stifel and Citi raised the Knight-Swift price target after the Midwest Motor Express deal.
  • Price Action: KNX shares are trading lower by 0.30% at $60.78 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!