Citi analyst Ariel Rosa downgrades $Knight-Swift Transportation (KNX.US)$ to a sell rating, and adjusts the target price from $55 to $56.
According to TipRanks data, the analyst has a success rate of 68.9% and a total average return of 17.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Knight-Swift Transportation (KNX.US)$'s main analysts recently are as follows:
The assessment indicates a significant potential for earnings growth through 2026, supported by a market sentiment that is optimistic about prospects beyond the current downturn. The analysis predicts substantial volume potential for the sector, which is expected to be bolstered by share gains in addition to a recovery in demand.
Knight-Swift, as the country's largest truckload carrier, is considered to have substantial sensitivity to cyclical changes in volume as the freight market recovers. Yet, there is a concern that current high investor expectations may pose risks should there be a cyclical downturn. Despite Knight-Swift's strong management, which is well-equipped to steer through a freight recession, the company may still be vulnerable to a notable decrease in its valuation multiples, potentially negating the benefits of any earnings growth that is currently anticipated by investors.
Note:
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