Stock Track | ArcBest Soars 5.07% Intraday After UBS Raises Price Target to $98 From $77
Stock Track
Feb 04
ArcBest's stock surged 5.07% during intraday trading on Wednesday, marking a significant upward movement for the transportation and logistics company.
The sharp rise appears to be driven by positive analyst action, as UBS raised its price target on ArcBest to $98 from $77. While maintaining a Neutral rating, the substantial increase in the price target likely boosted investor sentiment and contributed to the buying pressure.
According to data from FactSet, analysts have an average overweight rating on ArcBest with a mean price target of $97.42, which aligns with the updated outlook from UBS.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.