Wells Fargo analyst Christian Wetherbee raised the firm's price target on Knight-Swift to $86 from $65 and keeps an Overweight rating on the shares. With multiple truckload supply catalysts coupling with improving ISM and less-than-truckload weight/ship, the firm thinks the truck complex is likely to see a material earnings inflection. Wells is raising estimates and price targets, and remains constructive even as further upside may be more modest.
