BMO downgrades Saia, says challenges will take time to overcome
From Yahoo Finance: 2025-04-26 11:45:00
BMO Capital downgraded Saia (SAIA) to Market Perform from Outperform with a price target of $285, down from $455. Saia is struggling to balance growth and profitability amid network expansion challenges due to the freight recession. Analysts believe Saia-specific challenges will take time to overcome, but industry pricing power concerns may be misplaced.
The firm maintains an Outperform rating on XPO, Inc (XPO) and recommends purchasing XPO, especially on any weakness in sympathy with Saia today. This news was first reported on TheFly, a reliable source for real-time, market-moving financial news.
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