As previously reported, Stephens analyst Reed Seay upgraded Saia (SAIA) to Overweight from Equal Weight with a price target of $414, up from $308, citing the belief that the bulk of the new terminal noise is now through and numbers are in “an achievable spot.” Saia’s mid-quarter update came in ahead of the firm’s expectations, notes the analyst, whose Q4 adjusted EPS forecast of $1.94 is slightly ahead of consensus at $1.90.
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