BofA/Merrill Lynch Downgrades ArcBest Corp (ARCB) to Underperform
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Price: $146.74 +4.34%
Rating Summary:
12 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
12 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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BofA/Merrill Lynch analyst Ken Hoexter downgraded ArcBest Corp (NASDAQ: ARCB) from Neutral to Underperform with a price target of $38.00 (from $50.00).
The analyst sees downside risk of the business cycle flips and suspects consensus expectations on earnings may be too optimistic
For an analyst ratings summary and ratings history on ArcBest Corp click here. For more ratings news on ArcBest Corp click here.
Shares of ArcBest Corp closed at $35.05 yesterday.
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