Saia price target raised to $625 from $575 at Benchmark

Benchmark raised the firm’s price target on Saia (SAIA) to $625 from $575 and keeps a Buy rating on the shares. Q1 operating data are slightly higher than the firm’s expectations and increased investments will lead to future growth and provide service benefits, the analyst tells investors. Saia has retained most of the Yellow volume they took on in Q3 of 2023, so shipment and tonnage growth once again outpaced peers, notes the analyst, who still prefers Saia and XPO, Inc (XPO) to Old Dominion (ODFL) given opportunities for continued yield and operating ratio improvement.