TD Cowen analyst Jason Seidl raised the firm’s price target on Knight-Swift to $61 from $58 and keeps an Outperform rating on the shares. The firm see Kight-Swift as one of the best early cycle plays when OTR rates inflect in 2024. They believe the market is undervaluing the LT potential earnings accretion of USX, it’s most recent TL acquisition, when comparing it to the Knight Swift merger years ago.
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