TD Cowen lowered the firm’s price target on ArcBest (ARCB) to $105 from $109 and keeps a Hold rating on the shares. The firm said Q4 results came in above Cowen’s forecast though 1Q guidance suggest earnings may fall over 50% off easy comparisons as the company continues to shed tonnage, fight through difficult weather conditions, and lose money in its asset-light business.
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Read More on ARCB:
- ArcBest price target lowered to $145 from $160 at Morgan Stanley
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- ArcBest reports Q4 non-GAAP EPS $1.33, consensus $1.05
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