Wells Fargo raised the firm’s price target on Knight-Swift (KNX) to $58 from $48 and keeps an Overweight rating on the shares after the firm visited the company’s HQ to discuss the state of the Truckload market. In short, supply is coming out and will continue to rationalize in 2026. Wells can debate the velocity of stock improvement, but the supply set up is as good as it’s been in 4 years.
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