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.