Knight-Swift price target lowered to $59 from $62 at Susquehanna

Susquehanna lowered the firm’s price target on Knight-Swift to $59 from $62 and keeps a Neutral rating on the shares. The analyst remains cautious on truckload-related transports into a “challenging” earnings season. The firm, however, is “hopeful that capitulating cuts can create entry points” in truckload or intermodal “on the other side of April’s tough terrain.” In the near-term, Susquehanna continues to prefer less-than-truckload and rail sectors to truckload-related transports for their pricing power and oligopolistic industry structures.