BofA raised the firm’s price target on Knight-Swift to $65 from $61 and keeps a Buy rating on the shares after the company reported better-than-expected Q3 results that were driven by the carrier’s accelerated integration of US Xpress. Given the company’s past success in integrating Swift, the firm views its path to ramp USX returns as a positive catalyst to drive earnings leverage, the analyst tells investors in a post-earnings note.
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