Morgan Stanley Maintains Overweight on ArcBest, Raises Price Target to $145
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 $135 to $145.
October 30, 2023 | 2:12 pm
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Morgan Stanley has maintained an Overweight rating on ArcBest and raised the price target from $135 to $145, indicating a positive outlook for the company.
The Overweight rating maintained by Morgan Stanley indicates that they believe ArcBest's stock will outperform the average return of the stocks they cover. The increase in price target from $135 to $145 suggests they expect the stock price to rise in the short term. This is likely to have a positive impact on ArcBest's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100