Knight-Swift price target raised to $66 from $56 at Citi

Citi raised the firm’s price target on Knight-Swift to $66 from $56 and keeps a Buy rating on the shares. The latest installment of Citi’s shipper survey were modestly positive with an improving volume outlook based on an end of destock, the analyst tells investors in a research note. The firm says rate expectations were softer and below seasonality, however. It expects spot rates to inflect in the spring.