TD Cowen analyst Jason Seidl lowered the firm’s price target on ArcBest (ARCB) to $67 from $72 and keeps a Hold rating on the shares. The firm attended its investor day where management showcased technology initiatives, efficiency plans, and growth targets for its business, which has been heavily impacted by prolonged weakness in the industrial economy.
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Read More on ARCB:
- ArcBest: Balancing Current Economic Challenges with Future Growth Prospects
- ArcBest’s Ambitious 2028 Targets Balanced by Economic Uncertainty: A Hold Rating by Ken Hoexter
- ArcBest price target raised to $80 from $73 at UBS
- ArcBest targets 2028 adjusted EPS $12-$15
- ArcBest provides 2028 targets at investor day