Analyst Christopher Kuhn of Benchmark Co. maintained a Buy rating on Saia, retaining the price target of $360.00.
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Christopher Kuhn has given his Buy rating due to a combination of factors that indicate Saia’s strong performance relative to expectations. The company’s quarter-to-date operating metrics for the fourth quarter are surpassing initial forecasts, driven by significant volume growth and strategic investments in terminal openings and network expansion. Despite a generally soft freight environment, Saia’s tonnage trends are outperforming estimates and exceeding those of competitors like ODFL and XPO.
Moreover, the company’s shipments per day have been stronger than anticipated, which has helped offset lighter weight per shipment. Although December presents a challenging comparison due to high growth in the previous year, the overall volume is tracking ahead of plan, providing confidence in the company’s ability to manage expected operational ratio deterioration. These positive trends and strategic initiatives underpin Kuhn’s optimistic outlook and Buy rating for Saia’s stock.
Kuhn covers the Industrials sector, focusing on stocks such as Saia, Old Dominion Freight, and XPO. According to TipRanks, Kuhn has an average return of 5.5% and a 44.83% success rate on recommended stocks.