Knight-Swift price target raised to $48 from $45 at Susquehanna

Susquehanna raised the firm’s price target on Knight-Swift to $48 from $45 and keeps a Neutral rating on the shares as part of a Q3 truckload preview. Truckload is entering the critical peak season with lingering price uncertainty, the analyst tells investors in a research note. The firm trimmed forecasts while raising target multiples on 2025 earnings, reflecting both “rising enthusiasm that the worst is behind and clear-eyed reality that the slope back to mid-cycle is far from firm.” Truckload-related transports entered Q3 with very early signs of cyclical optimism, contends Susquehanna.