Saia price target raised to $620 from $515 at Barclays

Barclays raised the firm’s price target on Saia (SAIA) to $620 from $515 and keeps an Overweight rating on the shares. The firm says sharply higher less than truckload multiples reflect market enthusiasm for prospects beyond the current downturn. Barclays’ refreshed upcycle analysis supports meaningful earnings growth potential through 2026, the analyst tells investors in a research note. An upcycle analysis suggests plenty of volume potential for the group, supported by share gains on top of demand recovery, contends the firm.