Saia price target raised to $475 from $400 at Wells Fargo

Wells Fargo analyst Allison Poliniak-Cusic raised the firm’s price target on Saia to $475 from $400 and keeps an Overweight rating on the shares. The firm notes that cost and pricing drove a strong Q2 beat, sending the shares higher following an already impressive run month-to-date. Saia has executed in a challenging environment, Wells adds, noting that the LTL market tightening can now unlock Saia’s significant earnings power.