Susquehanna analyst Bascome Majors raised the firm’s price target on Knight-Swift (KNX) to $58 from $42 and keeps a Neutral rating on the shares. The firm adjusted ratings and price targets in the logistics and trucking group as part of its 2026 outlook. The truckload recovery is taking place on the supply side, and Susquehanna is “shifting to a bullish valuation framework with some nearer-term caution toward chasing shares into softer seasonality,” the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNX:
- Knight-Swift price target raised to $64 from $59 at Citi
- Knight-Swift price target raised to $60 from $58 at Wells Fargo
- Knight Transportation executes new receivables facility and leadership change
- Knight-Swift price target raised to $62 from $54 at Baird
- Knight-Swift price target raised to $59 from $52 at Stifel