ArcBest rises after Citi upgrades to 'buy'
ReutersOct 8, 2025 1:20 PM
Shares of logistics firm ArcBest ARCB.O rise nearly 7.5% to $77.5 in premarket trading, after Citi upgrades to "buy" from "neutral", lifts PT to $89 from $79
New PT represents a 23.4% upside on stock's last close
Says co set an ambitious target for 2028 adjusted EPS in the range of $12 to $15, with a $13.50 midpoint, implying a 21% CAGR over FY24
Brokerage sees ARCB's outlook as aggressive but feasible, particularly with a favorable turn in the freight cycle, as co has some of the highest operating leverage in transport sector
Six of 13 brokerages rate the stock "buy" or higher and seven "hold"; their median PT is $84 - according to data compiled by LSEG
As of last close, shares down about 23% YTD
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