Knife River price target raised to $105 from $86 at Stephens

Stephens analyst Trey Grooms raised the firm’s price target on Knife River (KNF) to $105 from $86 and keeps an Overweight rating on the shares after Q4 results that “beat across the board.” The firm is “encouraged” by expectations for a return to underlying margin improvement, particularly in aggs and the materials business in calendar 2026, the analyst tells investors.