Stifel Maintains Buy on ArcBest, Lowers Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan maintains a Buy rating on ArcBest (NASDAQ:ARCB) but lowers the price target from $150 to $131.
August 06, 2024 | 11:23 am
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Stifel analyst J. Bruce Chan maintains a Buy rating on ArcBest but lowers the price target from $150 to $131.
The Buy rating suggests continued confidence in ArcBest's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100