ArcBest price target raised to $178 from $141 at TD Cowen

TD Cowen analyst Jason Seidl raised the firm’s price target on ArcBest to $178 from $141 and keeps an Outperform rating on the shares. The firm said 4Q came in above their forecast and consensus expectations as asset-based margin improvement drove outperformance due to cost initiatives strong core pricing gains and improved business mix.