Knife River initiated with a Buy at B. Riley

B. Riley initiated coverage of Knife River (KNF) with a Buy rating and $92 price target Knife River is a vertically integrated construction materials company operating across 14 states, the analyst tells investors in a research note. The firm believes the stock is “mispriced” following the recent underperformance versus peers. The compan’s 2025 margin compression reflects temporary volume and absorption headwinds from Oregon funding delays and central region flooding, not a breakdown in pricing power, contends Riley.