Dahlman Rose Lowering Estimates On Knight Transportation

Dahlman Rose & Co. is out with a research report on Knight Transportation (NYSE: KNX) and it has a Buy rating and $21 price target on shares.

In a note to clients, Dahlman Rose & Co. writes, "EPS from continuing operations of $0.20 was below our estimate of $0.24, but slightly ahead of consensus estimate of $0.19. We have lowered our estimates due to somewhat tempered macro outlook, but continue to believe KNX is a well-managed company, with prospects for organic and external growth."

Shares of KNX closed at $16.00 yesterday.