Stifel Downgrades Saia to Hold, Raises Price Target to $526
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan downgraded Saia (NASDAQ:SAIA) from Buy to Hold while raising the price target from $484 to $526.

February 06, 2024 | 10:51 am
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Stifel downgraded Saia from Buy to Hold, but increased the price target from $484 to $526.
The downgrade from Buy to Hold suggests a neutral outlook on Saia's stock, indicating that the analyst believes the stock might not provide significant returns in the near term. However, the increase in the price target from $484 to $526 indicates a positive view on the company's valuation, suggesting that the stock might still have some upside potential. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100