Raymond James raised the firm’s price target on Saia (SAIA) to $477 from $400 and keeps an Outperform rating on the shares. Saia continues to execute a capacity-driven investment cycle that is enhancing its network and positioning it as a long-term share gainer, with expected compounding benefits to growth and margins supporting out-year upside and a favorable risk/reward despite a premium valuation, the analyst tells investors in a research note.
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