ArcBest price target raised to $205 from $165 at Stephens

Stephens raised the firm’s price target on ArcBest to $205 from $165 and keeps an Overweight rating on the shares. While the stock is making all-time highs as the company demonstrates strong operational execution in its core asset-based less-than-truckload business, the firm continues to see meaningful opportunity for further share price appreciation over the next 12-18 months, the analyst tells investors in a post-earnings note.