Morgan Stanley Maintains Overweight on ArcBest, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on ArcBest (NASDAQ:ARCB) and raised the price target from $125 to $135.
July 31, 2023 | 1:01 pm
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Morgan Stanley has maintained an Overweight rating on ArcBest and raised the price target from $125 to $135, which could positively impact the stock's price.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for ArcBest. The increase in the price target from $125 to $135 suggests that the analyst believes the stock has potential for further growth. This could lead to increased investor confidence and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100