Goldman Sachs lowered the firm’s price target on ArcBest (ARCB) to $125 from $133 and keeps a Neutral rating on the shares. The firm’s Q3 EPS forecasts move lower for less-than-truckload shippers, and hence its 2025/2026 EPS forecasts are lowered on lower baselines, primarily reflecting broadly weak mid-Q3 operational updates from the companies, apart from the “still-solid volume intake trends” seen for Saia (SAIA) as it continues to layer on new terminal openings across its network, the analyst tells investors in a preview.
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Read More on ARCB:
- Wolfe Research sees ‘mixed bag’ across freight, no signs of broad recovery
- ArcBest downgraded to Peer Perform from Outperform at Wolfe Research
- ArcBest initiated with a Neutral at Citi
- ArcBest price target lowered to $123 from $130 at Stephens
- ArcBest Announces Leadership Transition and Strategic Focus