TD Cowen Maintains Outperform on ArcBest, Lowers Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Seidl maintains an Outperform rating on ArcBest (NASDAQ:ARCB) but lowers the price target from $119 to $108.
June 13, 2023 | 4:49 pm
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TD Cowen maintains an Outperform rating on ArcBest, but lowers the price target from $119 to $108.
TD Cowen's lowered price target for ArcBest may cause some short-term uncertainty among investors, but the maintained Outperform rating suggests that the stock is still expected to perform well in the market. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100