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.
August 04, 2023 | 9:16 am
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on ArcBest and raised the price target from $125 to $135, which could lead to a positive market reaction.
The raised price target by Morgan Stanley indicates a positive outlook for ArcBest. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100