Wolfe Research Downgrades ArcBest Corp (ARCB) to Underperform

October 5, 2018 8:33 AM EDT
Get Alerts ARCB Hot Sheet
Price: $57.69 +2.49%

Rating Summary:
    9 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Wolfe Research analyst Scott Group downgraded ArcBest Corp (NASDAQ: ARCB) from Peerperform to Underperform.

Wolfe Research analyst Scott Group is adjusting his models for trucking as part of roll forward into 2019 and an introduction of 2020 estimates. He downgrades Trucking sub-sector to Market Underweight (from Market Weight) citing a later stage of the freight and economic cycle.

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 $47.38 yesterday.



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