Jefferies Maintains Buy on ArcBest, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Stephanie Moore maintains a Buy rating on ArcBest (NASDAQ:ARCB) but lowers the price target from $140 to $130.
October 10, 2024 | 6:16 pm
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Jefferies analyst Stephanie Moore maintains a Buy rating on ArcBest but lowers the price target from $140 to $130.
The analyst's decision to maintain a Buy rating suggests continued confidence in ArcBest's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100