Saia price target raised to $312 from $288 at Credit Suisse

Credit Suisse analyst Ariel Rosa raised the firm’s price target on Saia to $312 from $288 and keeps a Neutral rating on the shares. The firm says it has witnessed a sharp inflection in sentiment on less-than-truckload stocks in recent weeks, with every carrier in its coverage up double-digits to start the year, led by Saia up nearly +40% in the past month. Credit Suisse believes this reflects a growing view that the sizeable gains realized by LTL carriers since the start of COVID may not be subject to a reversion.