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Stifel analyst J. Bruce Chan upgraded Saia, Inc. (NASDAQ:SAIA) from Hold to Buy and cut the price target from $526 to $475.
The analyst says that SAIA has continued to lose steam following a soft 1Q24 reporting season and a modest earnings miss.
While the analyst acknowledges execution risk in Saia’s mid-term growth and network expansion plans, the company is poised to increase its market share in a secularly growing LTL industry with improving …
Full story available on Benzinga.com
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