FBR Capital downgraded ARC Document Solutions (NYSE: ARC)
(NYSE: ARC) from Buy to Neutral with a price target of $4.00 (from $5.25).

Analyst Josh Nichols is incrementally more negative and steps to the sidelines as the Q3 results missed expectations in light of continuing secular headwinds.

For an analyst ratings summary and ratings history on ARC Document Solutions click here. For more ratings news on ARC Document Solutions click here.

Shares of ARC Document Solutions closed at $4.44 yesterday.