BofA downgraded ArcBest to Underperform from Neutral with a price target of $91, down from $101. The firm expects rising margin pressure from a lower share of core LTL freight within its portfolio and views the Teamsters contract expiry in July as an uncertainty given the current "antagonistic" labor backdrop, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ARCB: