Saia price target raised to $545 from $488 at Evercore ISI

Evercore ISI analyst Jonathan Chappell raised the firm’s price target on Saia to $545 from $488 and keeps an Outperform rating on the shares after the company posted Q4 EPS of $3.33, coming in ahead of the firm’s forecast and the average Street estimate. Saia “again pushed the pricing needle up materially,” says the analyst, who adds that “there is a lot of momentum in SAIA closing the still-wide pricing gap to its national, strong-service peers, and new and legacy customers alike are paying up for SAIA’s network.”