TD Cowen Maintains Buy on ArcBest, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Seidl maintains a Buy rating on ArcBest (NASDAQ:ARCB) but lowers the price target from $177 to $148.

May 01, 2024 | 5:41 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on ArcBest but lowers the price target from $177 to $148.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals, the reduction in the price target could reflect adjustments in market conditions or expectations, potentially leading to short-term price volatility. However, the overall positive outlook suggests a neutral to slightly positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100