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.
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