Saia price target raised to $515 from $481 at Stephens
The Fly

Saia price target raised to $515 from $481 at Stephens

Stephens raised the firm’s price target on Saia (SAIA) to $515 from $481 and keeps an Overweight rating on the shares. Q3 results were mostly in-line with slight revenue and OR misses, but yields sequentially increased, which allayed concerns around core pricing, the analyst tells investors. Commentary on the call suggested being past peak start-up investments, which should drive better-than-seasonal OR leverage in Q4, the analyst added in a post-earnings note.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App