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.
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