Stifel raised the firm’s price target on Knight-Swift (KNX) to $63 from $59 and keeps a Buy rating on the shares as part of the firm’s Q4 truckload shippers preview. Awaiting the Q4 reports, supply-side dynamics “indeed look better than at any point since COVID” as spot rates increased more than 25% from October through year-end, which was more than any fourth quarter period in the past decade, the analyst tells investors.
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 $61 from $47 at Evercore ISI
- Knight-Swift price target raised to $61 from $49 at JPMorgan
- Knight-Swift price target raised to $64 from $60 at BofA
- Knight-Swift price target raised to $58 from $42 at Susquehanna
- Knight-Swift price target raised to $64 from $59 at Citi