Knight-Swift price target raised to $79 from $66 at UBS

UBS raised the firm’s price target on Knight-Swift (KNX) to $79 from $66 and keeps a Buy rating on the shares. After pre-reporting Q1 results, Knight-Swift’s outlook was driven primarily by a stronger-than-expected increase in truckload contract rates, now projected in the high single to low double digits versus a prior low-to-mid single digit view, the analyst tells investors in a research note. With spot rates up about 20% in Q1 and industry data pointing to double-digit contract pricing in March, the company appears on track for roughly 10% bid season increases and about 6% realized pricing for FY26, the firm says.