Saia price target raised to $600 from $498 at BofA

BofA raised the firm’s price target on Saia to $600 from $498 and keeps a Buy rating on the shares after Saia reported Q4 EPS of $3.33, beating the firm’s and Street’s estimates. The firm believe Saia’s move to scale its network will support its structural runway to improve service, grow volumes, increase pricing, and expand margins and sees accelerating pricing offsetting near-term costs to grow network capacity, the analyst tells investors.