Saia price target raised to $560 from $480 at Barclays

Barclays raised the firm’s price target on Saia to $560 from $480 and keeps an Overweight rating on the shares. The firm says that while the magnitude of the post-earnings stock outperformance came as a surprise, it is incrementally optimistic for Saia’s long-term earnings potential. The company delivered a solid quarter with margins at the high end of the guidance range and impressive yield performance, the analyst tells investors in a research note.