Wells Fargo Initiates Knife River (KNF) with Equal Weight Rating, $261 PT

Knife River Corporation (NYSE:KNF) is one of the best infrastructure stocks to buy with huge upside. On October 8, Wells Fargo initiated coverage of Knife River with an Equal Weight rating on the shares, while setting a $261 price target. Wells Fargo rolled out coverage of the US building materials sector and favored the early-cycle beneficiaries of interest rate cuts. The firm prefers exposure to cement, wallboard and home improvement.

However, Wells Fargo has a cautious view on construction through 2026 and expects a recovery in late 2026 into 2027, although home improvement could recover earlier according to the firm. Earlier on October 1, DA Davidson lowered the price target on Knife River to $95 from $105 and kept a Buy rating on the shares as the firm reduced its 2025-26 estimates to reflect weather-related challenges, including where Strata operates, and the consideration of potential lingering market pressure in Oregon. However, the firm sees the eventual stabilizing of Oregon market trends.

Knife River Corporation (NYSE:KNF), together with its subsidiaries, provides aggregates-led construction materials and contracting services in the US. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments.

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Disclosure: None. This article is originally published at Insider Monkey.