In a report released today, Jason Seidl from TD Cowen reiterated a Hold rating on Saia, with a price target of $283.00.
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Jason Seidl has given his Hold rating due to a combination of factors affecting Saia’s performance. Despite Saia’s third-quarter earnings surpassing expectations, concerns arise from sub-seasonal top-line trends that are anticipated to exert pressure on margins in the fourth quarter. The start of October showed a decline in tonnage, and November faces challenges with fewer working days, which could further impact performance.
Additionally, while Saia’s third-quarter results were bolstered by operational efficiencies and cost management, the outlook for the fourth quarter remains cautious. The company has implemented a wage increase that may offset some gains from the announced general rate increase. Furthermore, while customers are cautiously optimistic about 2026 volumes, the elevated uncertainty in demand trends contributes to the Hold rating. These factors collectively lead to a price target adjustment to $283, reflecting a cautious stance on Saia’s near-term prospects.
In another report released today, Bank of America Securities also maintained a Hold rating on the stock with a $316.00 price target.