Saia downgraded to In Line at Evercore ISI on downside risk to EPS estimates

As previously reported, Evercore ISI downgraded Saia (SAIA) to In Line from Outperform with a price target of $367, up from $319. A continuation of sub-seasonal trends beyond the first half of 2026 would create downside risk to EPS estimates for the second half and 2027, says the analyst. Given that the stock trades at “much higher than mid-cycle multiples on ambitious 2027 forecasts,” the firm believes “downside risk overwhelms upside potential,” the analyst tells investors.