Saia Upgraded To Buy: Analyst Sees Long-Term Opportunity Amid Industry Tailwinds
Portfolio Pulse from Lekha Gupta
Stifel analyst J. Bruce Chan upgraded Saia, Inc. (NASDAQ:SAIA) from Hold to Buy, despite cutting the price target from $526 to $475. The analyst sees long-term growth potential in the LTL industry and revised EPS estimates for FY24 and FY25. Investors can also gain exposure through ProShares Supply Chain Logistics ETF (NYSE:SUPL) and Alger Mid Cap 40 ETF (NYSE:FRTY).
May 24, 2024 | 6:09 pm
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POSITIVE IMPACT
Alger Mid Cap 40 ETF (FRTY) includes Saia, Inc., which has been upgraded to Buy by Stifel. This could positively impact FRTY's performance.
FRTY holds Saia, Inc., which has been upgraded to Buy. This positive sentiment towards SAIA could benefit FRTY's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Stifel upgraded Saia, Inc. from Hold to Buy, despite a price target cut from $526 to $475. The analyst sees long-term growth potential in the LTL industry and revised EPS estimates for FY24 and FY25.
The upgrade to Buy and the positive long-term outlook for the LTL industry are likely to boost investor confidence in SAIA, despite the price target cut. The revised EPS estimates also indicate potential growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ProShares Supply Chain Logistics ETF (SUPL) offers exposure to Saia, Inc., which has been upgraded to Buy by Stifel. This could positively impact SUPL's performance.
SUPL holds Saia, Inc., which has been upgraded to Buy. This positive sentiment towards SAIA could benefit SUPL's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50