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Fly News Breaks for February 7, 2019
Feb 7, 2019 | 07:23 EDT
Deutsche Bank analyst Amit Mehrotra last night upgraded Saia to Buy from Hold and raised his price target for the shares to $84 from $77. After meeting with management, the analyst is incrementally more confident in Saia's ability to generate double-digit revenue growth this year. The analyst will benefit from a "strong" pricing backdrop for the less-than-truckload sector as well as its continued expansion into the Northeast, Mehrotra tells investors in a research note. Further, the analyst sees thinks management can show acceleration in incremental margins over the course of 2019 through better fixed costs absorption.
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