Saia price target lowered to $540 from $560 at Raymond James

Raymond James lowered the firm’s price target on Saia (SAIA) to $540 from $560 and keeps an Outperform rating on the shares following the solid Q4 report. The firm continues to see a generational strategic investment cycle in capacity that is priming operations for future growth, and tells investors that Saia’s progress and positive impacts from Saia’s operating initiatives are compounding nicely, supporting out-year growth and margin improvement.