Saia price target raised to $481 from $465 at Stephens

Stephens raised the firm’s price target on Saia to $481 from $465 and keeps an Overweight rating on the shares. The firm is lowering its estimates and price targets for most of the Less-Than-Truckload group as the industrial backdrop remains challenging and growth moderates due to difficult comparisons. For Saia specifically, the firm expects a tonnage beat, though facility start-up costs will limit incremental margins.