Saia price target lowered to $545 from $560 at BMO Capital

BMO Capital lowered the firm’s price target on Saia (SAIA) to $545 from $560 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company’s investments that were made over the past year are supporting industry leading volume growth, though the operating ratio drag from its new facilities persists, the analyst tells investors in a research note. BMO adds however that the firm sees an opportunity for margin acceleration should the macro backdrop begin to improve.