Fly News Breaks for July 25, 2019
Jul 25, 2019 | 05:05 EDT
Stifel anlayst David Ross downgraded Knight-Swift Transportation to Hold from Buy while raising his price target for the shares to $40 from $39. Following the company's Q2 results, the analyst sees a "more challenging" operating environment than was seen a year ago. To-date in July freight remains soft, and expects September will tell the Q3 story, Ross tells investors in a research note. He cites valuation for the downgrade of Knight-Swift to Hold.
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