Stifel raised the firm’s price target on ArcBest (ARCB) to $116 from $94 and keeps a Buy rating on the shares. The firm expects overall Q1 less-than-truckload earnings to be slightly better than expected, but likely mixed by carrier as volume growth remains slow, the analyst tells investors in a preview for the group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARCB:
- ArcBest price target lowered to $85 from $90 at JPMorgan
- ArcBest price target raised to $122 from $107 at Citi
- ArcBest price target raised to $90 from $81 at JPMorgan
- ArcBest: Improving Fundamentals and Earnings Leverage Support Upside and Buy Rating
- ArcBest price target raised to $107 from $105 at Citi
