UPDATE: J.P. Morgan Upgrades Knight Transportation on Rising Probability of Acquisition-Driven Growth

In a report published Monday, J.P. Morgan analyst Thomas R. Wadewitz upgraded the rating on Knight Transportation (NYSE: KNX ) from Neutral to Overweight, and raised the price target from $17.00 to $22.00. In the report, J.P. Morgan noted, “We believe that conditions have become increasingly favorable for KNX to