Stifel Maintains Buy on ArcBest, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan maintains a Buy rating on ArcBest (NASDAQ:ARCB) but lowers the price target from $159 to $150.
May 15, 2024 | 10:45 am
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NEUTRAL IMPACT
Stifel analyst J. Bruce Chan maintains a Buy rating on ArcBest but lowers the price target from $159 to $150.
The Buy rating suggests continued confidence in ArcBest's performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100