SAIA Crosses Above Average Analyst Target
August 01, 2016 at 08:17 AM EDT
In recent trading, shares of Saia Inc (SAIA) have crossed above the average analyst 12-month target price of $28.75, changing hands for $28.89/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..