Saia price target lowered to $490 from $510 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Saia to $490 from $510 and keeps a Neutral rating on the shares. The firm’s Q3 EPS forecasts move lower for less-than-truckload shippers, and hence its 2025/2026 EPS forecasts are lowered on lower baselines, primarily reflecting broadly weak mid-Q3 operational updates from the companies, apart from the “still-solid volume intake trends” seen for Saia as it continues to layer on new terminal openings across its network, the analyst tells investors in a preview.