These Analysts Revise Their Forecasts On Saia Following Q3 Results

Saia Inc SAIA reported upbeat sales results for its third quarter on Friday.

Saia reported third-quarter FY23 revenue growth of 6.2% year-over-year to $775.1 million, beating the consensus of $745.98 million. Diluted earnings per share for the quarter were $3.67 compared to $3.67 in the third quarter of 2022.

Saia shares rose 5.1% to trade at $361.73 on Monday.

These analysts made changes to their price targets on Saia following earnings announcement.

• Raymond James cut the price target on Saia from $450 to $420. Raymond James analyst Patrick Tyler Brown maintained an Outperform rating.
• Barclays lowered the price target on Saia from $460 to $450. Barclays analyst Brandon Oglenski maintained an Overweight rating.
• Wolfe Research analyst Scott Group, meanwhile, upgraded Saia from Peer Perform to Outperform and announced a $418 price target.

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