Jefferies raised the firm’s price target on ArcBest (ARCB) to $85 from $75 and keeps a Buy rating on the shares as part of a broader research note on Transport & Logistics names. The firm cites the company’s May and quarter-to-date trends as asset-based volumes and revenue per day metrics have accelerated, with asset-light class now expected to post its first operating profit since Q2 of 2023, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARCB:
- McDonald’s downgraded on GLP-1 drug worries: Wall Street’s top analyst calls
- ArcBest upgraded to Neutral from Underperform at BofA
- ArcBest price target lowered to $63 from $67 at BofA
- Down More Than 30%: Goldman Sachs Says It’s Time to Buy These 2 Beaten-Down Trucking Stocks
- ArcBest’s Financial Struggles: Sell Rating Amid Low-Margin Shift and Pricing Pressure
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue