TD Cowen lowered the firm’s price target on ArcBest (ARCB) to $72 from $80 and keeps a Hold rating on the shares. The firm said 1Q results were better than we feared. April trends appear in line with seasonality though is the only LTL so far that believes normal seasonality will play out in 2Q, which may risk downside to asset-based guidance.
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Read More on ARCB:
- ArcBest’s Declining Financial Performance and Market Pressures Lead to Sell Rating
- ArcBest Reports Mixed First Quarter 2025 Results
- ArcBest Earnings Call: Mixed Outlook Amid Challenges
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