ArcBest Corp (ARCB) Reiterated at Market Outperform by Citizens Post 75th ACT Seminar

Citizens analyst Jeff Kauffman reiterated a Market Outperform rating and $180.00 price target on ArcBest Corp (NASDAQ: ARCB).

The analyst commented, "This past week we had an opportunity to interact with consultants, management teams, and industry contacts at the 75th ACT Research Seminar. While our conversations did not change our overall view of the improving environment for truck profitability and related equipment demand (bullish), we were able to add incremental color with respect to direction and acceleration. We continue to favor Market Outperform-rated truckers Knight-Swift Transportation (KNX, MO, $90 PT), Covenant Logistics (CVLG, MO, $60 PT), FedEx Freight (FDXF, MO, $190 PT), ArcBest (ARCB, MO, $180 PT), and equipment provider Wabash National (WNC, MO, $25 PT) related to the coming cycle. Our valuation methodologies include relative P/E and discounted peak of cycle P/E."

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 $135.56 yesterday.

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