Morgan Stanley analyst Ravi Shanker maintains $ArcBest (ARCB.US)$ with a buy rating, and adjusts the target price from $175 to $170.
According to TipRanks data, the analyst has a success rate of 50.9% and a total average return of -0.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $ArcBest (ARCB.US)$'s main analysts recently are as follows:
ArcBest's third quarter performance fell short of already reduced expectations, and the outlook for the fourth quarter suggests potential declines compared to consensus, akin to its peers. The forthcoming one to two quarters are pivotal in deciding if ArcBest represents the most promising or most challenging mean reversion narrative within the less-than-truckload (LTL) sector.
ArcBest's performance in the third quarter did not meet estimates and consensus expectations, with asset-based margins falling short of the guidance provided.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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