TD Cowen Maintains Buy on ArcBest, Lowers Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Seidl maintains a Buy rating on ArcBest (NASDAQ:ARCB) but lowers the price target from $136 to $131.
September 05, 2024 | 5:31 pm
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TD Cowen has maintained its Buy rating on ArcBest but has lowered the price target from $136 to $131, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in ArcBest's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100