Saia price target raised to $640 from $560 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on Saia to $640 from $560 and keeps an Overweight rating on the shares. The analyst says multiples are elevated in the less-than-truckload group as stock performance far outpaces estimate revisions. However, Barclays’ upcycle analysis supports meaningful earnings expansion potential over the next few years, particularly at Saia and XPO, the analyst tells investors in a research note.