Evercore ISI upgraded Knight-Swift (KNX) to Outperform from In Line with a price target of $65, up from $61. The firm views the company as the one most-levered to the improving fundamental backdrop, but notes that the stock trades at “one of the lowest multiples across the peer group.” Recent data points, both macro and sector-specific, confirm the end of the prolonged downturn and provide optimism about a meaningful EPS recovery, the analyst added in a note on the transports group.
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