BofA lowered the firm’s price target on Saia (SAIA) to $612 from $616 and keeps a Buy rating on the shares. The company posted Q4-to-date Tons/Day in line with the firm’s targets, as the Less-than-Truckload carrier continues to grow well above the market despite tougher post-Yellow comps. While the firm cut its price target the new target remains above its 14x-27x 2025 EPS range given upside potential of an improving economic backdrop as well as growth potential outside of near-term mix and expansion costs.
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Read More on SAIA:
- Saia reports November LTL shipments per workday up 2.3%
- Saia price target raised to $620 from $515 at Barclays
- Saia price target raised to $651 from $534 at Citi
- Saia Achieves Record Revenue with Strategic Expansion
- Saia price target raised to $515 from $481 at Stephens
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
