UBS lowered the firm’s price target on Saia (SAIA) to $305 from $422 and keeps a Buy rating on the shares. Saia’s Q1 margin deterioration was “sharp” and “surprising,” and UBS considers whether the multiyear EPS and revenue growth story has been broken, the analyst tells investors in a research note. The firm ultimately believes that Saia has plenty of potential for margin improvement on a multiyear basis.
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