Ken Hoexter, an analyst from Bank of America Securities, reiterated the Hold rating on ArcBest. The associated price target was lowered to $72.00.
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Ken Hoexter’s rating is based on ArcBest’s mixed performance in recent months. The company reported better-than-expected daily tonnage in November, which was offset by lower-than-anticipated yields. This performance aligns with ArcBest’s own projections of a deteriorating operating ratio due to broader market softness and fewer workdays in the quarter.
Additionally, ArcBest’s Asset-Light segment showed some improvement in shipment and revenue trends, but still faced year-over-year declines. Despite these challenges, Hoexter maintains a Neutral rating, adjusting the price objective slightly downward to $72, reflecting a cautious outlook on earnings and yield pressures, while acknowledging potential momentum in customer share gains.
In another report released on November 21, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $63.00 price target.