ArcBest price target raised to $80 from $73 at UBS

UBS raised the firm’s price target on ArcBest (ARCB) to $80 from $73 and keeps a Neutral rating on the shares. ArcBest’s analyst meeting highlighted improvement the company has realized over the past several years and also the potential for margin improvement and EPS growth looking out to 2028, the analyst tells investors in a research note. UBS believes a freight upturn which supports low single digit shipment growth and mid single digit LTL yield growth would be necessary in order for ArcBest to follow a multiyear path leading to the midpoint $13.50/share of EPS in 2028.