BofA lowered the firm’s price target on Saia (SAIA) to $484 from $565 and keeps a Buy rating on the shares after the company provided an interim Q1 update with Q1-to-date volumes above the firm’s targets. While the firm thinks that Saia is set for accelerating earnings growth and raised its Q1 and 2025 EPS estimates 2% each to $2.82 and $15.60, respectively, it lowered its price target on the shares given market multiple resets on extended freight recession concerns.
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