Jefferies raised the firm’s price target on Saia (SAIA) to $560 from $525 and keeps a Buy rating on the shares. As the current freight recession approaches its third year, the firm is “increasingly positive” on the freight backdrop for 2025, the analyst tells investors. The firm is “particularly encouraged” by recent trends in the truckload market exiting 2024 with improving tender load-to-truck ratios, rising tender rejections, and firming spot rate, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAIA:
- Susquehanna downgrades trio of truckers to Neutral on valuation, lower estimates
- Saia downgraded to Neutral from Positive at Susquehanna
- Saia introduces two of company’s first Tesla Semi trucks to fleet
- Saia price target raised to $566 from $499 at JPMorgan
- Saia price target lowered to $644 from $651 at Citi