TD Cowen raised the firm’s price target on ArcBest (ARCB) to $137 from $97 and keeps a Hold rating on the shares. The firm said they beat 1Q expectations while 2Q guide was well above implied consensus. Asset-Based is capitalizing on a tightening TL market, driving tonnage outperformance.
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Read More on ARCB:
- ArcBest price target raised to $138 from $102 at BofA
- ArcBest price target raised to $150 from $120 at Morgan Stanley
- ArcBest price target raised to $134 from $116 at Stifel
- Thomas Wadewitz Maintains Hold on Balanced Risk/Reward, Raises Price Target to $122 on Improved Earnings Outlook
- ArcBest price target raised to $122 from $98 at UBS