Saia price target raised to $284 from $251 at Stifel

Stifel analyst Bruce Chan raised the firm’s price target on Saia to $284 from $251 and keeps a Hold rating on the shares. The company recently delivered a 6% earnings beat while many of its peers in the freight environment have reported earnings misses, the analyst tells investors. Saia’s footprint expansion and "attractive" value proposition with improving customer service helped the company to win some share, which may have been aided by some competitors shedding business, Stifel says.