Wells Fargo Downgrades ArcBest to Equal-Weight, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded ArcBest (NASDAQ:ARCB) from Overweight to Equal-Weight and reduced its price target from $122 to $112.

September 04, 2024 | 1:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo analyst Christian Wetherbee downgraded ArcBest from Overweight to Equal-Weight, reducing the price target from $122 to $112.
The downgrade from Overweight to Equal-Weight by Wells Fargo suggests a less optimistic view on ArcBest's stock performance. The reduction in price target from $122 to $112 indicates a potential decrease in expected future value, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100