Knight-Swift (KNX) Jumps 6.4% as Bank of America Turns Bullish

Core Insights - Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has shown strong performance, rallying for the fourth consecutive day with a 6.43% increase to close at $47.04, following positive coverage from Bank of America [1][2] - Bank of America raised its price target for Knight-Swift from $41 to $50 and upgraded its recommendation from "neutral" to "buy," citing several catalysts including English Language Proficiency enforcement, limits on nondomiciled Commercial Drivers Licenses, and upcoming tariffs on imported heavy-duty trucks [2][3] - The investment firm anticipates that the third-quarter transport results will reflect sub-seasonal demand trends but sees potential for ELP, CDL, and tariff actions to positively impact the rate environment [3] Company Performance - Knight-Swift's stock performance has been bolstered by a series of positive developments, leading to a significant price increase [1][2] - The upcoming third-quarter earnings report is scheduled for October 22, with a conference planned to discuss the results [3] Market Context - The market note from Bank of America indicates a broader context of regulatory changes and tariffs that could influence the transportation sector positively [2][3]