Stifel analyst J. Bruce Chan lowered the firm’s price target on Knight-Swift (KNX) to $42 from $49 and keeps a Hold rating on the shares after the company reported quarterly results. The better-than-expected report was largely due to cautious sentiment going into the print, with Stifel’s downward earnings revisions contemplating more severe weather disruption in the Southeast-heavy Less-Than-Truckload business, and deleveraging effects from unseasonably-soft volumes in March, the analyst tells investors in a research note. The firm said that, with blank sailings from Asia rising, it expects a material reduction in inbound West Coast port volumes, so conservatism “makes sense.”
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 to $42 from $49 and keeps a Hold rating on the shares after the company reported quarterly results. The better-than-expected report was largely due to cautious sentiment going into the print, with Stifel’s downward earnings revisions contemplating more severe weather disruption in the Southeast-heavy Less-Than-Truckload business, and deleveraging effects from unseasonably-soft volumes in March, the analyst tells i){kind=link}