BofA analyst Ken Hoexter raised the firm’s price target on ArcBest to $143 from $141 and keeps an Underperform rating on the shares. The firm lowered its Q1 trucking-related EPS estimates 5% on average, at truckload, less-than-truckload, truck brokerage, and airfreight carriers in its coverage, citing demand, rate, and margin pressure from the elongated freight downcycle.
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