Morgan Stanley Maintains Underweight on Saia, Raises Price Target to $237
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Underweight rating on Saia (NASDAQ:SAIA) and raises the price target from $235 to $237.
July 06, 2023 | 2:07 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley maintains an Underweight rating on Saia and raises the price target from $235 to $237.
The Underweight rating maintained by Morgan Stanley suggests that the firm believes Saia's stock may underperform the market in the future. However, the slight increase in the price target from $235 to $237 indicates a slightly more positive outlook than before. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100