BMO Capital Upgrades Saia Inc. (SAIA) to Outperform

BMO Capital analyst Fadi Chamoun upgraded Saia Inc. (NASDAQ: SAIA) from Market Perform to Outperform with a price target of $455.00.

The analyst comments "Buying into a quality franchise in times of uncertainty. SAIA is well positioned to deliver strong positive operating leverage once demand recovers and defend earnings in a scenario of deepening freight recession; the company has modest leverage and a strong management team. We believe that the largest source of risk to our call is a scenario where demand weakness is sustained beyond the current year alongside a weaker pricing environment, which we view to be an unlikely scenario."

For an analyst ratings summary and ratings history on Saia Inc. click here. For more ratings news on Saia Inc. click here.

Shares of Saia Inc. closed at $317.70 yesterday.

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