ArcBest initiated with a Buy at Deutsche Bank

Deutsche Bank analyst Ben Mohr initiated coverage of ArcBest with a Buy rating and $148 price target. The analyst views the less-than-truckload industry as one of the most attractive investment areas across all industrials, reflecting the consolidated nature of the market and resulting pricing power. The firm sees opportunity for ArcBest to outperform in the coming quarters as the industry emerges from a deep freight recession and brings with it outsized pricing opportunity.