Saia price target raised to $317 from $288 at Citi

Citi analyst Ariel Rosa raised the firm’s price target on Saia (SAIA) to $317 from $288 and keeps a Buy rating on the shares. Trucking has been “mired” in a nearly three-year long freight recession given overcapacity and weak demand, but conditions have “possibly started to change in recent weeks,” the analyst tells investors in a research note. The firm says this shift has largely gone unnoticed, partly because many investors have been broadly turned off to the transports sector given persistent underperformance versus the S&P 500. Citi believes the Trump Administration’s recent effort to step-up enforcement of the English Language Proficiency mandate for truck drivers could catalyze a shift in supply/demand dynamics.