UPDATE: Cowen Securities Raises PT on Saia on Tonnage Trends, Productivity Gains
March 13, 2013 at 14:29 PM EDT
In a report published Wednesday, Cowen Securities analyst Jason H. Seidl reiterated his Buy rating on Saia (NASDAQ: SAIA ), and raised his price target to $39.00. In the report, Seidl noted, “SAIA's tonnage trends and productivity gains are well ahead of our previous estimates, leading us to raise both