TD Cowen reiterates Knight Transportation stock rating on Q1 miss By Investing.com
TD Cowen has reiterated a Buy rating and a $60.00 price target for Knight Transportation (NYSE:KNX) despite the company pre-announcing first-quarter adjusted earnings per share of $0.09, which fell below TD Cowen's $0.22 estimate. The miss was attributed to non-recurring adverse claims, delayed warehousing business, and adverse tax decisions in Mexico. Excluding these one-time items, EPS would have been approximately $0.24, exceeding TD Cowen's estimate.