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Fly News Breaks for July 26, 2018
KNX
Jul 26, 2018 | 08:06 EDT
Stephens analyst Brad Delco said Knight-Swift's Q2 results fell "just shy" of consensus expectations, which he blames mainly on a "hiccup" in Swift's refrigerated business. However, he continues to expect to see progress on margins at Swift, which Delco projects to drive future earnings growth. He lowered his price target on Knight-Swift shares to $50 from $55 but keeps an Overweight rating on the stock.
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