Jefferies analyst Stephanie Moore lowered the firm’s price target on Saia (SAIA) to $335 from $350 and keeps a Buy rating on the shares as part of a broader research note on Transport & Logistics names. The firm notes that May volumes decelerated as the company continues to see sub-seasonal demand at legacy terminals while continuing to ramp at newly opened terminals, the analyst tells investors in a research note. Saia’s May tons per day also inflected to -0.4% y/y from April’s +4.4% primarily as weight per shipment gains have moderated, the firm added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAIA:
- Down More Than 30%: Goldman Sachs Says It’s Time to Buy These 2 Beaten-Down Trucking Stocks
- Strategic Growth and Resilience: Saia’s Buy Rating Justified Amidst Market Challenges
- Saia’s Performance Faces Seasonal Challenges: Hold Rating Maintained Amid Adjusted Targets and Valuation
- Saia Reports Mixed May 2025 Shipment Data
- Saia reports May LTL shipments per workday down 3.2%
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue