ArcBest Defies Freight Slowdown With Strong Growth

BofA Securities analyst Ken Hoexter upgraded ArcBest Corporation ARCB from Underperform to Neutral, raising the price target from $63 to $74.Hoexter noted that ArcBest is showing momentum in gaining market share among core customers, which is helping offset pressure on core yield. Following a 20-minute discussion with CFO Matt Beasley, Hoexter expressed a more positive view of the company's progress within its core LTL operations.Also Read: This Yum! Brands Analyst Turns Bullish; Here Are Top 5 Upgrades For ...