Deutsche Bank Turns Bullish On Saia; Cuts Price Target For CSX, Union Pacific

Deutsche Bank analyst Amit Mehrotra updated ratings for three companies in the road and rail sector.
The analyst upgraded Saia Inc SAIA to Buy from Hold with an unchanged price target of $363.
Mehrotra noted the upside "can be achieved in relatively quick order" following the stock's recent underperformance. Saia is an $8 billion market cap company "with potential to go much higher."
The analyst mentioned that Saia is "one of the best stories we've come across in our 20 years of analyzing Industrial companies, with a management team that is clearly rising to the opportunity."
The analyst lowered the CSX Corp CSX price target to $41 from $42 and kept a Buy rating on the shares. The price target implies a 22% upside.
The analyst believes 2022 "represents somewhat of a transition year" for CSX, particularly in the first half as it sees "muted headline margin expansion as Quality Carriers laps."
The analyst lowered Union Pacific Corp's UNP price target to $260 (an upside of 8%) from $270 and maintained a Buy rating on the shares.
Price Action: SAIA shares are trading higher by 6.38% at $290.15, CSX lower by 1.09% at $33.73, and UNP lower by 2.28% at $240.72 on the last check Monday.

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