Saia downgraded to Underweight from Equal Weight at Morgan Stanley

Morgan Stanley analyst Ravi Shanker downgraded Saia to Underweight from Equal Weight with a price target of $230, up from $188. The analyst continues to like the story and management execution but says the stock’s 30% run in little over a month makes the valuation "hard to justify." The firm sees a "challenging" risk/reward at current share levels.