Saia price target raised to $281 from $245 at Deutsche Bank

Deutsche Bank analyst Amit Mehrotra raised the firm’s price target on Saia to $281 from $245 and keeps a Buy rating on the shares. The analyst continues to see opportunity for "notable upside" in transportation equities next year, as "market participants look past imminent earnings revisions and focus on re-acceleration in freight flows" starting in Q2 of 2023. On average, he thinks the group can rally 20% in a "more benign outlook scenario, with potential for much greater upside in select stocks."