TD Cowen Downgrades ArcBest to Hold, Lowers Price Target to $114
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded ArcBest from Buy to Hold and reduced its price target from $131 to $114.
October 14, 2024 | 9:46 am
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TD Cowen analyst Jason Seidl downgraded ArcBest from Buy to Hold and reduced the price target from $131 to $114, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests a less favorable view of ArcBest's future performance, which could lead to a negative short-term impact on its stock price. The lowered price target further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100