Stifel Maintains Buy on ArcBest, Raises Price Target to $153
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan has reaffirmed a Buy rating on ArcBest (NASDAQ:ARCB) and increased the price target from $136 to $153.
January 10, 2024 | 3:31 pm
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Stifel analyst J. Bruce Chan has maintained a Buy rating on ArcBest and raised the price target from $136 to $153, indicating a positive outlook on the stock.
The increase in price target by Stifel suggests a strong conviction in ArcBest's future performance, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as market participants react to the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100