Saia price target raised to $320 from $230 at Benchmark

Benchmark analyst Christopher Kuhn raised the firm’s price target on Saia to $320 from $230 and keeps a Buy rating on the shares following the company’ Q4 report. Results showed continued execution on pricing despite tonnage that decelerated throughout the quarter, said the firm, which said its higher target reflects the increase in transport multiples as the bottom in spot rates nears.