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Fly News Breaks for April 24, 2017
SWFT, KNX
Apr 24, 2017 | 09:21 EDT
UBS analyst Thomas Wadewitz upgraded Knight Transportation (KNX) to Buy from Neutral to reflect its acquisition of Swift Transportation (SWFT). His analysis suggests a 20% to 30% multi-year earnings increase and he cited Knight management's record of execution and industry leading performance. Wadewitz raised his price target to $43 from $35 on Knight Transportation shares.
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