Knight-Swift price target raised to $52 from $45 at Stifel

Stifel raised the firm’s price target on Knight-Swift (KNX) to $52 from $45 and keeps a Buy rating on the shares. Knight reported adjusted Q3 EPS below the guidance range and the firm’s and Street estimates, but underlying operating performance was “strong,” the analyst tells investors. Insurance-related items drove adjusted EPS down by 10c, notes the analyst, who says that the auto liability claims were “a black eye for earnings in an otherwise positive quarter.”