Saia price target lowered to $498 from $544 at Citi

Citi analyst Ariel Rosa lowered the firm’s price target on Saia (SAIA) to $498 from $544 and keeps a Buy rating on the shares following quarterly results that suggest the company is gaining share as it builds out its national network, with a step up in weight/shipment implying favorable mix trends. Mix improvements and pricing trends suggest modest potential upside to margins/OR for the company, but macro uncertainty and the risk of a deceleration in economic growth could weigh on March volumes, Citi adds.