Saia upgraded to Outperform at Wolfe Research following pullback

As previously reported, Wolfe Research upgraded Saia to Outperform from Peer Perform with a $418 price target. Shares fell 9% on Friday and are down 22% over the past about two months, notes the analyst. While trimming the firm’s “high-end EPS estimates,” the firm now sees a better entry point for “arguably the best LTL growth story,” the analyst tells investors.