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