Knife River price target raised to $125 from $120 at DA Davidson

DA Davidson raised the firm’s price target on Knife River (KNF) to $125 from $120 and keeps a Buy rating on the shares. The firm is positive on the company’s Strata acquisition with margins looking accretive and some synergies and structural market opportunities that could also be factors, the analyst tells investors in a research note. DA Davidson is leaving its estimates unchanged but nudges its price target on Knive River to reflect “presumed future contributions”, the firm added.