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:
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