Market Overview

UPDATE: Wunderlich Securities Upgrades Saia as Efficiency Paves Road to Share Gains

Related SAIA
Stay Local to Stay Positive on U.S. Growth - Zacks Industry Rank Analysis
UPDATE: Wunderlich Securities Reiterates On Saia As Yield Momentum Accelerates

In a report published Wednesday, Wunderlich Securities analyst Nicholas J. Bender upgraded the rating on Saia (NASDAQ: SAIA) from Hold to Buy, and raised the price target from $32.00 to $40.00.

In the report, Wunderlich Securities noted, “We are transferring coverage of Saia (SAIA) with a Buy rating and $40 price target. By focusing on internal processes, Saia has transformed itself from a middling LTL player to one of the best earnings growth stories in transportation. EPS has increased from $0.08 in FY10 to $1.69 in FY13. With a leaner cost structure and improved network productivity, we believe Saia is poised to begin taking share from struggling LTL peers. Management believes tonnage growth of roughly 5% is possible in FY14, and, if this is realized, there's material upside to our FY14 estimates. Moreover, Saia's clear path to geographic expansion augurs well for intermediate-term results.”

Saia closed on Tuesday at $32.51.

Latest Ratings for SAIA

Apr 2014WunderlichMaintainsBuy
Feb 2014WunderlichUpgradesHoldBuy
Oct 2013WunderlichMaintainsHold

View More Analyst Ratings for SAIA
View the Latest Analyst Ratings

Posted-In: Nicholas J. Bender Wunderlich SecuritiesAnalyst Color Upgrades Analyst Ratings


Related Articles (SAIA)

Around the Web, We're Loving...

Get Benzinga's Newsletters