Knight-Swift price target raised to $62 from $60 at Susquehanna

Susquehanna analyst Bascome Majors raised the firm’s price target on Knight-Swift to $62 from $60 and keeps a Neutral rating on the shares. The firm updated its model on the back of its broader 2024 outlook. Their valuation methodologies remain unchanged for the truckload-related group, as they use long-term avgerage P/E’s to capitalize 2025E forecasts that anticipate meaningful year-over-year recovery from a deep 2023-24 trough.