Shares of less-than-truckload (LTL) carriers XPO (NYSE: XPO), Old Dominion Freight Line (NASDAQ: ODFL), and Saia (NASDAQ: SAIA) were all climbing the charts this week on signs that rival Yellow could go bankrupt, freeing up market share for competitors like those three pure-play LTL stocks. Over the course of the week, XPO, Old Dominion, and Saia all benefited from positive analyst notes as well. As of Thursday's close, XPO was up 14.8% for the week, Old Dominion had gained 15.1%, and Saia had tacked on 10.9%, according to data from S&P Global Market Intelligence.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Pinterest, Saia, Old Dominion, and California Water Service. Pinterest (NYSE:PINS) shares gained more than 3% pre-market today after Wells Fargo upgraded the company to Overweight from Equal Weight and raised its price target to $34.00 from $23.00. According to the firm, Pinterest's strategy to outsource monetization to third parties, including an announced partnership with Amazon (NASDAQ:AMZN), aims to address its attribution and scale issues.
Shares of Saia (NASDAQ: SAIA) were moving higher Friday after the less-than-truckload (LTL) transportation company posted better than expected bottom-line results for the first quarter. In a difficult economic environment, Saia said that revenue was down 0.1% to $660.5 million, which missed analysts' consensus estimate of $667.2 million. Management said yield -- essentially pricing -- rose by 4.5%, excluding a fuel surcharge.