Knight-Swift price target raised to $65 from $62 at TD Cowen

TD Cowen raised the firm’s price target on Knight-Swift (KNX) to $65 from $62 and keeps a Buy rating on the shares. The firm noted Q4 came in above consensus expectations to round out a difficult 2024. Cowen said TL contractual rate commentary was incrementally positive and when paired with fixed cost initiatives, positions the company for earnings momentum.