Benchmark raised the firm’s price target on Saia (SAIA) to $360 from $325 and keeps a Buy rating on the shares. Saia’s operating ratio improved 330 basis points sequentially despite the lack of a typical second quarter volume ramp, which was better than the firm expected, says the analyst, who believes Saia can leverage the fixed cost infrastructure and increased density from its expanded network as demand improves to generate OR “into the low 80’s eventually.”
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 $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
- Saia, Inc. Reports Decline in Q2 2025 Earnings
- Saia’s Mixed Performance and Market Challenges Lead to Hold Rating