Saia price target raised to $460 from $443 at BofA

BofA raised the firm’s price target on Saia to $460 from $443 and keeps a Buy rating on the shares after Saia provided its mid-Q3 update with July and August volumes above the firm’s targets. The company is encouraged by the sequential weight/shipment improvement, but believes it’s too early to call this a trend, notes the analyst, who increased the firm’s Q3, 2024, and 2025 EPS estimates 3%, 1%, and 2% to $3.60, $13.90, and $16.70, respectively.