Saia price target lowered to $600 from $620 at Barclays

Barclays analyst Eric Morgan lowered the firm’s price target on Saia (SAIA) to $600 from $620 and keeps an Overweight rating on the shares as part of a Q4 preview for the transportation group. The transport vertical “remains mostly in value territory,” but another round of generally lower Q4 earnings revisions “weighs on sentiment” as investors await some improvement in core industrial growth and trucking freight rates, the analyst tells investors in a research note. Barclays remains “patient” with regards to the sector.