Knight-Swift price target raised to $58 from $57 at Raymond James

Raymond James raised the firm’s price target on Knight-Swift to $58 from $57 and keeps a Strong Buy rating on the shares. The firm views Knight-Swift as one of the most idiosyncratic stories in its transport coverage even though the truckload market inflection will take more time to develop given a cloudy demand environment and still resilient truckload supply base, the analyst tells investors in a research note. The opportunity within Knight-Swift’s LTL business remains vast as it has ample white space to build into a national network, yielding a volume, pricing, and margin catch-up story to other publicly held LTLs, the firm argues.