Saia price target raised to $478 from $456 at TD Cowen

TD Cowen raised the firm’s price target on Saia (SAIA) to $478 from $456 and keeps a Hold rating on the shares. The firm said results beat their forecast and consensus in 4Q and tonnage trends of 13.5% in January are encouraging despite severe weather. 2025 appears to be another investment year for SAIA though over the capex hump will drag on margins in the near-term.