Saia price target lowered to $316 from $347 at BofA

BofA analyst Ken Hoexter lowered the firm’s price target on Saia (SAIA) to $316 from $347 and keeps a Neutral rating on the shares after the company reported quarterly results. The beat was led by higher all in yields, along with some moderate cost improvement as it works to optimize its expanded LTL network, the analyst tells investors in a research note. The firm added that it adjusted its price target lower on the lingering macro overhang.