UBS hikes Knight-Swift Transportation (NYSE:KNX) to a Buy rating from Neutral on its view that truckload market metrics are on the mend.
The firm sees some easier comparisons for KNX ahead and notes the company has the greatest leverage to the truckload cycle in the sector.
UBS assigns a price target of $40 to Knight-Swift vs. the 52-week trading range of $23.27 to $39.26 and sell-side consensus PT of $41.70.
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