Reported about 10 hours ago
BMO Capital has downgraded Saia (SAIA) from Outperform to Market Perform, lowering its price target from $455 to $285. The downgrade reflects difficulties Saia is facing in balancing growth and profitability amidst network expansion challenges due to a freight recession. While acknowledging Saia's specific issues, BMO maintains an Outperform rating on XPO, Inc (XPO), encouraging investors to consider it as a buying opportunity.
Source: YAHOO