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Fly News Breaks for February 5, 2018
KNX
Feb 5, 2018 | 05:19 EDT
Barclays analyst Brandon Oglenski upgraded Knight-Swift Transportation Holdings to Equal Weight and raised his price target for the shares to $55 from $50. Trucking fundamentals are gaining momentum, and management at Knight-Swift will capitalize, Oglenski tells investors in a research note. He says the first full quarter as a combined company "largely allayed" his prior fears of revenue attrition and diseconomies of scale in trucking. The analyst sees upside potential to consensus estimates for Knight-Swift.
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