Saia downgraded to Hold from Buy at Stifel

Stifel analyst J. Bruce Chan downgraded Saia to Hold from Buy with a price target of $526, up from $484. Saia has done a “great job” of capitalizing on the opportunities presented to it, and still has headroom to price based on its strong service offering, the analyst tells investors in a research note. The firm noted that it is increasing its earnings assumptions “healthily,” though in an uncertain market that counsels towards conservatism, it’ll take some profits to deploy elsewhere.