ArcBest price target lowered to $131 from $150 at Stifel

Stifel lowered the firm’s price target on ArcBest to $131 from $150 and keeps a Buy rating on the shares. While admitting that it has been a challenging freight backdrop and conceding that ArcBest has “had more cost winds than peers as a function of its recent Union Labor deal,” the firm adds that if “ArcBest can get back on track, we still think there’s meaningful potential to unlock.”