Saia price target lowered to $524 from $529 at Stifel

Stifel lowered the firm’s price target on Saia (SAIA) to $524 from $529 and keeps a Hold rating on the shares after the company reported Q4 EPS that beat the firm’s and the Street’s estimates. Shipments were up a “clean 6%” year-over-year, with no competitor bankruptcy or competitor cyber-attack boost, showing that Saia is still taking share on an expanding footprint, notes the analyst. While overall Saia is managing its growing market presence effectively in a tough market, “showing why it deserves to be considered among the best in a good industry,” the firm remains Hold-rated on valuation, the analyst tells investors.