Knight-Swift price target raised to $66 from $62 at Raymond James

Raymond James raised the firm’s price target on Knight-Swift (KNX) to $66 from $62 and keeps a Strong Buy rating on the shares. The firm views Knight-Swift as one of the most idiosyncratic stories in its transport coverage, even though the truckload market inflection will take time to develop amid a cloudy demand environment and slow TL supply exits, the analyst tells investors in a research note. The firm sees a compelling risk/reward setup.