B of A Securities Maintains Underperform on ArcBest, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains an Underperform rating on ArcBest (NASDAQ:ARCB) and lowers the price target from $143 to $110.
May 01, 2024 | 5:13 pm
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NEGATIVE IMPACT
ArcBest's price target was reduced from $143 to $110 by B of A Securities, with an Underperform rating maintained.
The reduction in price target by a significant margin suggests a bearish outlook on the stock by the analyst. This could lead to negative sentiment among investors and potentially drive the stock price down in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100