Goldman Sachs Maintains Neutral on ArcBest, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jordan Alliger maintains a Neutral rating on ArcBest (NASDAQ:ARCB) and lowers the price target from $133 to $125.
October 09, 2024 | 5:59 pm
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Goldman Sachs has maintained a Neutral rating on ArcBest and reduced the price target from $133 to $125, indicating a cautious outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on ArcBest's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced target price reflects potential challenges or lower expected growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100