Knight-Swift price target raised to $62 from $57 at Barclays

Barclays raised the firm’s price target on Knight-Swift to $62 from $57 and keeps an Overweight rating on the shares. Following the return of some normalcy in trucking markets this year, Barclays expects a more favorable 2025 driven by supply reductions, and eventually stronger demand, the analyst tells investors in a research note. The firm says depressed less-than-truckload tonnage has been a negative surprise thus far in 2024, but “disciplined industry pricing should support solid earnings expansion next year.”