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Fly News Breaks for May 1, 2018
SAIA
May 1, 2018 | 05:59 EDT
Stifel analyst David Ross upgraded Saia to Buy from Hold while lowering his price target for the shares to $78 from $83. The less than load market remains strong, and Saia appears to be executing well, Ross tells investors in a research note. He notes the company posted double-digit tonnage growth and 7.7% yield improvement in Q1. The analyst is upgrading shares on the recent selloff and says consensus estimates are too low.
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