Knife River price target raised to $105 from $95 at DA Davidson

DA Davidson raised the firm’s price target on Knife River (KNF) to $105 from $95 and keeps a Buy rating on the shares after its Q4 earnings beat. Some of the recent underlying “positives” within results may be adequately reflected in recent equity performance, though the firm remains “constructive” on the stock’s medium-long-term investment story with more potential catalysts to monitor through 2026, the analyst tells investors in a research note.