Knight-Swift price target raised to $54 from $51 at UBS

UBS raised the firm’s price target on Knight-Swift (KNX) to $54 from $51 and keeps a Neutral rating on the shares. Knight-Swift reported Q4 EPS below consensus and expectations, driven by weaker-than-expected Truckload and Logistics operating income, and guided to a muted Q1 EPS range, the analyst tells investors in a research note. While management noted modest improvement in Truckload balance and LTL demand from year-end lows, visibility into a broader cycle recovery remains limited for Q1, UBS argues.