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UPDATE: Stifel Nicolaus Downgrades Knight Transportation to Hold on Flat Q4 Results

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Stifel Nicolaus downgraded Knight Transportation (NYSE: KNX) from Buy to Hold and removed a $17.00 price target.

Stifel Nicolaus noted, "Our 12-month fair value estimate of $16 (or 16.0x our 2014 EPS estimate of $1.03) provides virtually no upside potential over the coming 12-months. With no upside potential over the coming year we are hard pressed to justify a continuation of a Buy rating on the company's common shares. All things remaining equal, we would revisit our new rating should the company's common shares fall to $13 or below."

Knight Transportation closed at $16.04 on Wednesday.

Latest Ratings for KNX

DateFirmActionFromTo
Jul 2016Deutsche BankMaintainsHold
Jul 2016Deutsche BankMaintains
Jul 2016UBSMaintainsNeutral

View More Analyst Ratings for KNX
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Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings

 

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