Knight-Swift price target raised to $63 from $61 at BofA

BofA raised the firm’s price target on Knight-Swift (KNX) to $63 from $61 and keeps a Buy rating on the shares. Based on freight data at year-end 2024 into early 2025, the elongated freight recession of 2022-2024 looks to be coming to a close, the analyst tells investors. The firm’s proprietary BofA Truck Demand Indictor is at 59.8, its highest level in three years, adds the analyst, who is focused on early-stage beneficiaries such as multi-modal/truckload carriers.