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Vetr Upgrades Swift As Market Cools On Merger

Chris Dier-Scalise

The Vetr crowd Thursday upgraded their rating for Swift Transportation Co (NYSE: SWFT) from 3.5 stars (Buy), issued two days ago, to 4.5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was mostly positive, with 87 percent of Vetr user ratings bullish.

Shares in the transportation company spiked to over $24.50 at the start of the week following the announcement of its merger with Knight Transportation (NYSE: KNX). However, the stock corrected quickly in the following days and the company also received a downgrade that Tuesday from analysts at Raymond James from Strong Buy to Market Perform.

By noon Thursday, the stock was trading down around $22.

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Currently, the Vetr crowd's average target price for Swift is up at $25.73, which is above the average analyst target price of $24.96. Less than 2 percent of Vetr users are holding SWFT in their watch lists.

Latest Ratings for SWFT

Date Firm Action From To
Apr 2017 Raymond James Downgrades Strong Buy Market Perform
Mar 2017 Barclays Downgrades Overweight Equal-Weight
Mar 2017 Longbow Research Upgrades Neutral Buy

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