Saia initiated with an Overweight at Barclays

Barclays initiated coverage of Saia with an Overweight rating and $420 price target. Saia is likely to continue gaining market share through its ongoing expansion strategy, with further earnings upside driven by mix improvements and closing a pricing gap to peers, the analyst tells investors in a research note. The firm sees the company’s earnings results potentially exceeding consensus forecasts by nearly 10% in 2025, with earnings per share approaching $17.00 even with an operating ratio still above 80%.