Saia set up for market share gains into trucking sector upcycle—BofA Securities

Seeking Alpha ·

As one of the trucking stocks in the early stages of monetizing its national network and strong operating leverage emerging, Saia’s ( SAIA ) recent pullback presents an attractive opportunity for investors, prompting BofA Securities’ Ken Hoexter to upgrade the stock to Buy

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BofA Securities analyst suggests that trucking company Saia (SAIA) is poised for market share gains as its nationwide network build-out is complete and operating leverage begins to take effect. The firm upgraded the stock to Buy, viewing the recent price correction as a buying opportunity. Investors should closely monitor the recovery cycle of the trucking industry and the pace of Saia's margin improvement.

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Bullish (Long) 60% · Bearish (Short) 40%

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