Susquehanna analyst Bascome Majors upgraded Saia (SAIA) to Positive from Neutral with a price target of $360, up from $340. The firm says Saia’s mid-quarter update and its talks with management suggest a “growing distance” from the company’s challenged fiscal Q1 report. Susquehanna expects Saia’s Q2 earnings to “snap-back.” It now sees more upside potential than downside risk to estimates.
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