BofA raised the firm’s price target on Knife River (KNF) to $115 from $110 and keeps a Buy rating on the shares. The firm, which raised estimates 8%-11% to account for the Strata acquisition and related higher margin, now models revenue of $3.3B and $3.5B and EBITDA of $550M and $590M, respectively, for 2025 and 2026.
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