Goldman Sachs analyst Jordan Alliger raised the firm’s price target on ArcBest (ARCB) to $100 from $91 and keeps a Buy rating on the shares after its Q4 results. The company’s tonnage was up y/y on higher shipments, though weight/shipment was more flattish, the analyst tells investors in a research note.
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Read More on ARCB:
- ArcBest: Resilient Pricing and Asset‑Light Traction Offset by Industrial Softness, Justifying a Hold Rating
- ArcBest reports Q4 non-GAAP EPS 36c, consensus 42c
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- ARCB Earnings this Week: How Will it Perform?
- ArcBest Board Declares Quarterly Cash Dividend for Shareholders