Morgan Stanley Maintains Underweight on Saia, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Underweight rating on Saia (NASDAQ:SAIA) and raises the price target from $237 to $250.

July 31, 2023 | 2:05 pm
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Morgan Stanley maintains an Underweight rating on Saia and raises the price target from $237 to $250.
The news directly pertains to Saia as Morgan Stanley maintains an Underweight rating on the company. This suggests that the analyst believes the stock is expected to underperform the market or its sector in the short term. However, the raised price target from $237 to $250 indicates a positive outlook in the long term. The impact on the stock price in the short term is neutral as the negative and positive sentiments balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100