BofA upgraded ArcBest (ARCB) to Neutral from Underperform with a price target of $74, up from $63. The firm sees momentum in the company’s share gains with core customers mitigating core yield pressure. Following a call with ArcBest CFO Matt Beasley, BofA is more constructive on the additive gains it is making in its core less-than-truckload operations. Beasley noted Q2 tons per day outperformed ArcBest’s seasonal trends, led by broad-based gains in its core less-than-truckload business with new and existing customers, the analyst tells investors in a research note.
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Read More on ARCB:
- ArcBest price target lowered to $63 from $67 at BofA
- Down More Than 30%: Goldman Sachs Says It’s Time to Buy These 2 Beaten-Down Trucking Stocks
- ArcBest’s Financial Struggles: Sell Rating Amid Low-Margin Shift and Pricing Pressure
- ArcBest Reports Q2 2025 Shipment Growth Amid Challenges
- ArcBest upgraded to Buy from Neutral at Goldman Sachs
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