UBS Maintains Neutral on ArcBest, Raises Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thomas Wadewitz maintains a Neutral rating on ArcBest (NASDAQ:ARCB) and raises the price target from $110 to $119.
November 01, 2023 | 6:51 pm
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UBS analyst maintains a Neutral rating on ArcBest and raises the price target to $119.
The news is directly about ArcBest. UBS analyst's decision to maintain a Neutral rating indicates that they do not expect significant changes in the stock's performance. However, the increase in the price target from $110 to $119 suggests a positive outlook for the company's stock in the future. This could potentially attract investors, but the impact is likely to be neutral in the short term as the rating remains unchanged.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100