Evercore ISI analyst Jonathan Chappell raised the firm’s price target on Saia to $566 from $523 and keeps an Outperform rating on the shares. Given much stronger quarter-to-date tonnage and shipments, the firm now believes there is upside to Saia’s Q2 results, the analyst tells investors. The firm is raising its full-year 2024 and 2025 EPS estimates by 3% and 8%, respectively, as it extrapolates the stronger shipment momentum into future periods.
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