Stifel Maintains Buy on ArcBest, Lowers Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan maintains a Buy rating on ArcBest (NASDAQ:ARCB) but lowers the price target from $131 to $119.
October 21, 2024 | 2:28 pm
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Stifel analyst J. Bruce Chan continues to recommend buying ArcBest shares but has reduced the price target from $131 to $119, indicating a more conservative outlook.
The Buy rating suggests continued confidence in ArcBest's performance, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100