Credit Suisse Downgrades ArcBest to Neutral, Raises Price Target to $127
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Ariel Rosa has downgraded ArcBest (NASDAQ:ARCB) from Outperform to Neutral, while raising the price target from $104 to $127.
July 31, 2023 | 11:06 am
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NEUTRAL IMPACT
ArcBest has been downgraded to Neutral from Outperform by Credit Suisse, but the price target has been raised from $104 to $127.
The downgrade to Neutral suggests that Credit Suisse sees limited upside potential for ArcBest in the near term. However, the raised price target indicates that the analyst still sees some value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100