Ken Hoexter, an analyst from Bank of America Securities, maintained the Hold rating on ArcBest. The associated price target remains the same with $75.00.
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Ken Hoexter has given his Hold rating due to a combination of factors that reflect both potential and caution. ArcBest has set ambitious targets for 2028, aiming for a significant increase in earnings per share and improved operating ratios by leveraging technology and optimizing their operations. However, these targets are contingent upon a partial economic recovery and modest growth in shipments, which introduces a level of uncertainty.
Despite the company’s strategic initiatives and expected improvements in operating cash flow, Ken Hoexter maintains a Neutral rating with a price objective of $75. This decision is based on a valuation that considers the company’s historical trading range and current market conditions. The rating reflects a balanced view, acknowledging the potential for growth while also recognizing the challenges and risks associated with achieving the set targets.
In another report released today, UBS also assigned a Hold rating to the stock with a $80.00 price target.