Raymond James on Knight Transportation (KNX): 'we see a compelling risk/ reward setup'

Raymond James analyst Patrick Tyler Brown reiterated a Strong Buy rating and $76.00 price target on Knight Transportation (NYSE: KNX).

The analyst comments "With a TL market inflection on the horizon from accelerating supply exits, we see KNX as a prime beneficiary given its OTR TL exposure. Further, the company’s entrance into the structurally sounder LTL space and the turnaround story taking shape at the recently acquired U.S. Xpress, provide additional tailwinds. The opportunity within Knight Swift’s (LTL) business remains vast, with ample white space to build into a national network – yielding a volume, pricing, and margin catchup story relative to other LTLs. Putting it all together, with shares trading at ~18x our 2027 EPS estimate we see a compelling risk/ reward setup and maintain our Strong Buy rating."

For an analyst ratings summary and ratings history on Knight Transportation click here. For more ratings news on Knight Transportation click here.

Shares of Knight Transportation closed at $63.98 yesterday.

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