Saia price target raised to $330 from $320 at Benchmark

Benchmark analyst Christopher Kuhn raised the firm’s price target on Saia to $330 from $320 and keeps a Buy rating on the shares. Saia’s 1Q report, which exceeded estimates, "showcased the success of management’s long-term strategy," which allowed Saia to take share, the analyst tells investors in an earnings recap note. The firm reduced its FY 2023 EPS estimate, but its 2024 estimate is unchanged, and its increased target reflects the success of management’s strategy that is "allowing Saia to take profitable share in this challenging freight environment."