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.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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