Saia Inc.'s (SAIA) stock surged 5.04% in intraday trading on Wednesday, following an upward revision in the price target by TD Cowen. The firm raised its price target on Saia to $478 from $456, citing the company's better-than-expected fourth-quarter results and encouraging tonnage trends in January.
According to TD Cowen, Saia's tonnage trends of 13.5% in January are promising, despite severe weather conditions. The firm acknowledged that 2025 appears to be another investment year for Saia, which could temporarily drag on margins due to increased capital expenditures.
While maintaining a "Hold" rating on the stock, TD Cowen's price target revision reflects optimism about Saia's strong performance and growth prospects, driving the stock's upward momentum on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.