JPMorgan analyst Brian Ossenbeck lowered the firm’s price target on Saia (SAIA) to $360 from $374 and keeps an Overweight rating on the shares. The firm updated transport and logistic estimates and price targets ahead of the Q3 reports. JPMorgan lowered estimates across the board, saying tariffs and trade policy uncertainty persisted while spot truckload rates remain subdued.
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Read More on SAIA:
- Saia price target raised to $374 from $305 at UBS
- Saia price target lowered to $328 from $345 at Evercore ISI
- Saia’s Strategic Expansion and Favorable Tonnage Trends Justify Buy Rating Despite Challenging Environment
- Synopsys downgraded, Oracle upgraded: Wall Street’s top analyst calls
- Saia price target lowered to $373 from $393 at Citi
