Saia price target raised to $320 from $310 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Saia to $320 from $310 and keeps an Outperform rating on the shares. Saia reported "solid" Q1 results amid a challenging macro environment, with positive impacts from Saia’s pricing, freight mix, and operating efficiency initiatives setting the stage for out-years margin improvement, the analyst tells investors in a research note.