Saia price target lowered to $480 from $524 at Stifel

Stifel lowered the firm’s price target on Saia (SAIA) to $480 from $524 and keeps a Buy rating on the shares. While noting that there is significant uncertainty heading into the Q1 prints for the Less-than-Truckload group, the firm adds that core pricing remains stable and competition rational, which it argues “positions the industry to weather rough seas better than other modes.”