BofA analyst Ken Hoexter lowered the firm’s price target on Saia (SAIA) to $600 from $612 and keeps a Buy rating on the shares. Based on freight data at year-end 2024 into early 2025, the elongated freight recession of 2022-2024 looks to be coming to a close, the analyst tells investors. The firm’s proprietary BofA Truck Demand Indictor is at 59.8, its highest level in three years, adds the analyst, who is focused on early-stage beneficiaries such as multi-modal/truckload carriers.
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