Knight-Swift price target raised to $64 from $60 at BofA

BofA analyst Ken Hoexter raised the firm’s price target on Knight-Swift (KNX) to $64 from $60 and keeps a Buy rating on the shares. The firm looks to expand its exposure to cyclical Transport stocks into 2026, with a focus on cost conscious AI-enabled share gainers, the analyst tells investors in a year-ahead note on the sector. Demand should be aided by the Big Beautiful Bill’s benefits of bonus depreciation, leading to infrastructure investments, $1.4 trillion in expected expenditures over the next three years on data centers and power supply, lower interest rates and potential flow through to the housing and forest product segments, the analyst says.