Bank of America analyst Sherif El-Sabbahy has reduced the price target for Knife River (KNF, Financial) from $115 to $110 while maintaining a Buy rating on the stock. This adjustment reflects a cautious outlook as the broader Machinery, Engineering & Construction (E&C), and Waste Management sectors face a potentially difficult earnings period.
The analyst highlights a potential "lose-lose" scenario, where companies could either cut their financial guidance due to prevailing uncertainties or risk appearing disconnected from current realities. As part of an industry-wide assessment, Bank of America is adjusting price targets within the sector and showing a preference for service-oriented businesses, such as those involved in aggregates, rentals, and waste management, rather than original equipment manufacturers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Knife River Holding Co (KNF, Financial) is $112.64 with a high estimate of $125.00 and a low estimate of $81.32. The average target implies an upside of 27.80% from the current price of $88.14. More detailed estimate data can be found on the Knife River Holding Co (KNF) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Knife River Holding Co's (KNF, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
