Stifel raised the firm’s price target on ArcBest (ARCB) to $85 from $81 and keeps a Buy rating on the shares. A mixed, but generally weak macro backdrop for the Less-than-Truckload group persists into the Q3 reporting season, says the analyst, who adds that the firm’s channel checks and intra-quarter data suggest operations remain “soft but stable.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARCB:
- ArcBest upgraded to Buy from Neutral at Citi
- ArcBest price target raised to $87 from $85 at JPMorgan
- ArcBest price target lowered to $67 from $72 at TD Cowen
- ArcBest: Balancing Current Economic Challenges with Future Growth Prospects
- ArcBest’s Ambitious 2028 Targets Balanced by Economic Uncertainty: A Hold Rating by Ken Hoexter