Stephens lowered the firm’s price target on ArcBest to $123 from $130 and keeps an Overweight rating on the shares. The firm is lowering its estimates and price targets for most of the Less-Than-Truckload group as the industrial backdrop remains challenging and growth moderates due to difficult comparisons.
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Read More on ARCB:
- ArcBest Announces Leadership Transition and Strategic Focus
- ArcBest CIO Michael Newcity to retire, Dennis Anderson to succeed
- ArcBest price target lowered to $133 from $134 at JPMorgan
- ArcBest price target lowered to $131 from $136 at TD Cowen
- ArcBest price target lowered to $99 from $102 at BofA
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