Saia price target raised to $363 from $349 at Deutsche Bank

Deutsche Bank analyst Amit Mehrotra raised the firm’s price target on Saia to $363 from $349 and keeps a Buy rating on the shares. The stock surged Friday on the back of much better than feared Q1 results and real-time updates on the conference call that point to the company taking market share, the analyst tells investors in a research note. The firm’s analysis of the Q1 numbers show Saia’s strategy is creating a "positive feedback loop between growth, service, price and profitability" that "can be very powerful for earnings and equity value," says the analyst.