On Nov 05, major Wall Street analysts update their ratings for $ArcBest (ARCB.US)$, with price targets ranging from $105 to $170.
Morgan Stanley analyst Ravi Shanker maintains with a buy rating, and adjusts the target price from $175 to $170.
UBS analyst Thomas Wadewitz maintains with a hold rating, and adjusts the target price from $111 to $110.
Wells Fargo analyst Christian Wetherbee maintains with a hold rating, and adjusts the target price from $112 to $105.
Jefferies analyst Stephanie Moore maintains with a buy rating, and adjusts the target price from $130 to $120.
Stifel analyst J. Bruce Chan maintains with a buy rating, and adjusts the target price from $119 to $114.
Furthermore, according to the comprehensive report, the opinions of $ArcBest (ARCB.US)$'s main analysts recently are as follows:
ArcBest's Q3 performance did not meet even the revised expectations, and the outlook for Q4 suggests potential downside risks compared to the consensus, similar to its peers. The upcoming quarters will be critical in revealing if ArcBest represents the most compelling or the most challenging mean reversion narrative in the Less-Than-Truckload (LTL) sector.
The firm noted that ArcBest's performance fell short of both their estimates and the consensus expectations for the third quarter, with asset-based margins not meeting the projected guidance.
Here are the latest investment ratings and price targets for $ArcBest (ARCB.US)$ from 5 analysts:
Note:
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