Knight-Swift price target lowered to $44 from $48 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Knight-Swift to $44 from $48 and keeps a Neutral rating on the shares. The firm’s truckload EPS estimates for Q3 move lower on the back of a more conservative expectation for sequential margin improvement in the quarter, based on largely unchanged revenue per mile expectations, but with broadly higher operating ratio expectations to reflect a continuation of sub-seasonal quarter-over-quarter margin performance, the analyst tells investors in a preview.