ArcBest price target raised to $134 from $125 at Stifel

Stifel raised the firm’s price target on ArcBest (ARCB) to $134 from $125 and keeps a Buy rating on the shares following the company’s Q2 report. An influx of freight from the liquidation of industry peer Yellow (YELL) “now looks imminent” and while “there’s a lot going on at ArcBest,” the firm sees “more opportunity than downside at current levels from both internal and external sources,” adding that it believes the stock “trades too cheaply relative to peers.”