U.S. Xpress Enterprises price target raised to $6 from $3 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker raised the firm’s price target on U.S. Xpress Enterprises (USX) to $6 from $3 and keeps an Equal Weight rating on the shares. Knight-Swift (KNX) has agreed to acquire U.S. Xpress for $6.15 per share in cash, the firm notes in a broader note on about the North American freight transportation group.