BofA analyst Ken Hoexter raised the firm’s price target on Saia (SAIA) to $353 from $278 and keeps a Neutral rating on the shares. The company reported “solid” Q2 results and sees its margins outperforming typical seasonality through Q3, the analyst tells investors in a research note. The firm increased Saia’s earnings estimates to reflect better yields and progress on its network integration.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAIA:
- Saia price target raised to $340 from $275 at Susquehanna
- Saia price target raised to $360 from $325 at Benchmark
- Saia price target raised to $393 from $350 at Citi
- Saia price target raised to $350 from $315 at Barclays
- Saia’s Recovery and Uncertain Outlook: Hold Rating Amid Cost Concerns and Risk-Reward Imbalance