Knowles price target raised to $28 from $22 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Knowles (KN) to $28 from $22 and keeps a Buy rating on the shares. The firm believes management is executing well in an uncertain macro, and while it highlights September’s results, Caig-Hallum sees increased Palladium pricing as a risk to gross margins next year. Knowles stated they have pre-bought enough Palladium to get them to the second half of 2026. Geopolitical aggressions have moved up the price on rare earth materials recently and all eyes will be on the upcoming meetings between China and the U.S. If Palladium prices remain elevated, or move higher, this could impact second half of 2026 gross margins.