ArcBest price target lowered to $109 from $114 at Stifel

Stifel lowered the firm’s price target on ArcBest (ARCB) to $109 from $114 and keeps a Buy rating on the shares. Heading into Q4 earnings, the firm’s channel checks in the less-than-truckload group suggest that last year finished with relatively soft fundamentals and sub-seasonal volumes, losing some sequential momentum in demand, the analyst tells investors in a preview.