Saia price target lowered to $480 from $500 at BMO Capital

BMO Capital analyst Fadi Chamoun lowered the firm’s price target on Saia to $480 from $500 and keeps a Market Perform rating on the shares after after its Q2 earnings miss. The company is executing on its “transformational expansion”, which should place it in a strong position to grow and expand margins once demand does inflect higher, but with limited visibility into macro improvement, earnings risk and stock volatility may persist, the analyst tells investors in a research note.