Knight-Swift price target raised to $75 from $65 at Stephens

Stephens analyst Jack Atkins raised the firm’s price target on Knight-Swift to $75 from $65 and keeps an Overweight rating on the shares. The company’s 2023 EPS outlook of $4.05-$4.25 was "an effective reiteration of what it has been saying for a year" and although the firm thinks "most will continue to doubt that this is achievable," its own $3.90 EPS forecast assumes only a modest rate recovery. They continue to believe that the risk/reward for Knight-Swift over the next 12 months "is very favorable," the firm added.