Saia’s Mixed Performance: Balancing Expansion Potential with Seasonal Challenges
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Ken Hoexter from Bank of America Securities reiterated a Hold rating on Saia, with a price target of $367. Despite Saia's network expansion and resilience in tonnage numbers, sub-seasonal volumes and mix headwinds are noted. Saia's 4Q operating ratio target indicates seasonal deterioration. However, improved customer confidence and future negotiations visibility led to a price target increase. Stifel Nicolaus also maintained a Hold rating with a $343 price target.
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