Barclays analyst Brandon Oglenski raised the firm’s price target on Knight-Swift (KNX) to $75 from $65 and keeps an Overweight rating on the shares. The firm says that with February spot rates up 25%, ongoing regulatory enforcement and “fresh signs” of demand upside, the truckload market “appears to have finally turned a corner.” It sees potential for double-digit contract renewals later this year.
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