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- Susquehanna has upgraded Saia (NASDAQ:SAIA) to positive from neutral saying that it has a path to achieve 20% earnings growth in 2024.
- The firm has a $420 price target (~26% upside based on Monday's close).
- Analyst Bascome Majors said that the company is a high-quality growth story and the Yellow Corp. (YELLQ) bankruptcy provides an attractive entry point.
- "Mid-term, we continue to expect LTL (less-than-truckload) operating leverage to remain strong into 2025 as carriers continue to cycle through their books post-YELL and underlying industrial and retail volumes recover from their long post-pandemic retrenchment," he added.