Saia Inc. (SAIA) PT Lowered to $75 at KeyBanc after Meeting with Management

KeyBanc analyst Todd Fowler lowered the price target on Saia Inc. (NASDAQ: SAIA) to $75.00 (from $80.00) while maintaining a Overweight rating after meeting with management. Fowler continues to view SAIA as one of the best organic growth stories in KeyBanc's coverage.

The Meetings suggested freight activity has normalized from elevated levels earlier in the year, with recent trends representative of typical seasonality. Additionally, co-specific pricing actions and challenging prior-year comps contributed to more modest tonnage in Nov., though the two-year stack accelerated modestly.

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