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UPDATE: Cowen Securities Raises PT on Saia on Tonnage Trends, Productivity Gains

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In a report published Wednesday, Cowen Securities analyst Jason H. Seidl reiterated his Buy rating on Saia (NASDAQ: SAIA), and raised his price target to $39.00.

In the report, Seidl noted, “SAIA's tonnage trends and productivity gains are well ahead of our previous estimates, leading us to raise both our EPS estimates and price target. The company's shares have outperformed the trucking group this year and should continue to do well as the carrier benefits from internal initiatives.”

Saia closed on Tuesday at $32.35.

Latest Ratings for SAIA

DateFirmActionFromTo
Jan 2017Raymond JamesDowngradesStrong BuyOutperform
Dec 2016KeyBancUpgradesSector WeightOverweight
Aug 2016Stifel NicolausDowngradesBuyHold

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Posted-In: Cowen SecuritiesAnalyst Color Price Target Analyst Ratings

 

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