UBS upgraded Knight-Swift (KNX) to Buy from Neutral with a price target of $66, up from $54. The firm cites rising visibility to easing truckload supply and elevated spot rates amid tightening in the market for the upgrade. Truckload pricing is the most important drive of Knight-Swift’s earnings and UBS now sees 15 points of pricing gains over 2026 and 2027, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KNX:
- Transtex acquires FleetAero assets from Knight-Swift
- Transtex acquires Knight-Swift assets from Knight-Swift
- Knight Transportation: Buy Rating Reaffirmed on Attractive Post-Pullback Valuation and Outperformance in Tightening Truckload Market
- Citi upgrades Knight-Swift to Buy on valuation after selloff
- Knight-Swift upgraded to Buy from Neutral at Citi