Saia price target raised to $271 from $227 at BofA

BofA analyst Ken Hoexter raised the firm’s price target on Saia to $271 from $227 and keeps an Underperform rating on the shares following quarterly results. The miss versus the firm’s targets was driven by higher fuel and personnel expenses, as it retains employees in the face of accelerating declines in tons/day, BofA says in a research note on Friday.