Saia price target raised to $318 from $260 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Saia to $318 from $260 and keeps an Outperform rating on the shares following the "solid" Q4 print. Positive impacts from Saia’s pricing, freight mix, and operating efficiency initiatives are compounding nicely, setting the stage for out-years margin improvement, and its progress and commitment to improving its network continue to cement it as one of the more idiosyncratic growth stories within the firm’s transport coverage, the analyst tells investors in a research note.