JPMorgan cuts target for Knife River stock to USD 73
Published on 10/01/2026 at 16:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
JPMorgan cut its Knife River target from USD 80.00 to USD 73.00 and downgraded the company from Neutral to Underweight on September 2, 2026, according to Investing.com. The revised target reflects pressure on margins, competition in asphalt and elevated energy costs.
JPMorgan flags margin pressure
The September 2, 2026 analyst action followed Knife River's second-quarter 2026 results. JPMorgan cited limited growth expectations in Oregon, where public funding and demand trends remain important to the construction materials group's earnings outlook, Investing.com reported.
Revenue grows while earnings miss
Revenue increased 13.00 percent year over year to USD 938.6 million in the second quarter of 2026, while earnings per share came in at USD 0.77 against a USD 1.75 analyst forecast, according to Investing.com. The contrast matters because Knife River raised full-year 2026 revenue guidance to USD 3.4 billion to USD 3.6 billion while reaffirming adjusted EBITDA guidance of USD 520.0 million to USD 560.0 million.
Fuel costs, weather delays and project timing affected the quarter, while the higher revenue base gives management more operating scale to defend margins in the second half of 2026.
NYSE range frames the valuation
Knife River had a USD 2.9 billion market value on October 1, 2026. The NYSE quote was last at USD 50.29 on October 1, 2026 at 10:32 a.m. ET, against a 52-week range of USD 50.01 to USD 96.28.
The company is listed under ticker KNF on the New York Stock Exchange, as shown in its September 23, 2026 filing with the SEC. For investors, the central tension is quantified: revenue growth and higher guidance sit alongside a USD 0.77 earnings-per-share result versus a USD 1.75 forecast and a lower JPMorgan target.
Knife River Corporation stock facts
- Company: Knife River Corporation
- Ticker: KNF
- Primary exchange: New York Stock Exchange
- Market capitalization: USD 2.9 billion (as of October 1, 2026)
- 52-week range: USD 50.01-USD 96.28 (as of October 1, 2026)
- Sector / Industry: Basic Materials / Construction Materials
