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Con-Way, Old Dominion, Saia Jump Mid-Day as Sidoti Upgrades to Buy (CNW, ODFL, SAIA)

December 29, 2009 3:51 PM EST
Get Alerts CNW Hot Sheet
Price: $47.55 --0%

Rating Summary:
    5 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Earlier today, several stocks in the Transportation sector saw mid-day moves higher following intraday upgrades from a Sidoti analyst. Con-Way (NYSE: CNW), Old Dominion Freight (Nasdaq: ODFL) and Saia (Nasdaq: SAIA) were each upgraded from Neutral to Buy, with the stocks jumping, on average, about 2% following the upgrade.

The analyst lifted his target on Con-Way shares from $36 to $56, his target on Old Dominion from $30 to $43, and his price target on Saia from $17 to $23.

Shares of Con-Way are now up nearly 5% for the session, most recently trading at $38.55, shares of ODFL are around $33.65, also up 5%, and Saia shares are currently up 4% to $15.57. Sidoti's new price targets on Con-Way, Old Dominion and Saia represent potential upside of about 45%, 28% and 48%, respectively.

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