Knight-Swift price target lowered to $55 from $66 at Raymond James

Raymond James analyst David Hicks lowered the firm’s price target on Knight-Swift (KNX) to $55 from $66 and keeps a Strong Buy rating on the shares. The truckload cycle had largely been coming off of the bottom since mid-2024 as demand stabilized and supply continued to exit the industry, but the firm’s conversations with industry contacts and incremental data points point to a weaker March than previously anticipated, particularly after an already weak start to the year given weather challenges and volumes being supported by a tariff pull forward, the analyst tells investors in a research note. The tariff situation continues to be dynamic, as on Thursday President Trump announced a 90-day pause on tariffs for select countries, while on the other hand, tariffs on China are now over 100%, the firm says.