JPMorgan analyst Brian Ossenbeck raised the firm’s price target on ArcBest (ARCB) to $87 from $85 and keeps a Neutral rating on the shares. The firm updated transport and logistic estimates and price targets ahead of the Q3 reports. JPMorgan lowered estimates across the board, saying tariffs and trade policy uncertainty persisted while spot truckload rates remain subdued.
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Read More on ARCB:
- ArcBest upgraded to Buy from Neutral at Citi
- 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
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