Citi raised the firm’s price target on ArcBest (ARCB) to $89 from $67 and keeps a Neutral rating on the shares. The firm sees balanced risk/rewards for transport stocks heading into the Q2 reports due macro uncertainty and a “still-soft” demand backdrop. Citi is “less enthusiastic” on the sector relative to three months ago due to the recent rally in the shares.
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Read More on ARCB:
- ArcBest price target raised to $84 from $64 at UBS
- ArcBest price target raised to $89 from $75 at JPMorgan
- ArcBest’s Mixed Financial Outlook: Hold Rating Amidst Improved Tonnage and Weak Market Conditions
- ArcBest Amends Receivables Loan Agreement for 2025
- ArcBest price target raised to $85 from $75 at Jefferies