Knight-Swift price target raised to $76 from $70 at BofA

BofA raised the firm’s price target on Knight-Swift to $76 from $70 and keeps a Buy rating on the shares. The company’s acquisition of U.S. Xpress Enterprises (USX) is attractive on a revenue multiple, even though it looks pricey on an EBITDA basis, the analyst tells investors in a research note. The firm adds however that the deal is still an "efficient way to immediately scale truck size 40%", and its price target boost further reflects Knight-Swift’s robust growth outlook.