Knight-Swift price target lowered to $70 from $76 at Raymond James

Raymond James analyst David Hicks lowered the firm’s price target on Knight-Swift (KNX) to $70 from $76 and keeps a Strong Buy rating on the shares. Results for transport companies are expected to be more heavily impacted by external factors like winter weather and a sharp rise in diesel prices, which increased costs and disrupted operations despite only modest snow levels overall, the analyst tells investors in a research note. While fuel prices spiked and raised concerns about demand, historical trends and fuel surcharge mechanisms suggest limited long-term impact on demand and financial performance, the firm says.