ArcBest price target lowered to $105 from $115 at Wells Fargo

Wells Fargo lowered the firm’s price target on ArcBest (ARCB) to $105 from $115 and keeps an Equal Weight rating on the shares. Wells says that into Q4 results/2025 outlooks, its call remains the same: lean into early cycle. The firm sees signs volume may broaden out to include better industrial freight. Near-term expectations continue to reset, but the direction of fundamentals is positive, Wells adds.