Wells Fargo Sticks to Its Hold Rating for ArcBest (ARCB)
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Christian Wetherbee maintained a Hold rating on ArcBest (ARCB) with a $150 price target, despite shares closing at $157.61. This follows a July 7 Hold from UBS and a July 15 Buy from Truist Financial. Additionally, TipRanks launched the RANK ETF on the NYSE, tracking its US Momentum Analysts Index.
Wells Fargo analyst Christian Wetherbee maintained a Hold rating on ArcBest yesterday and set a price target of $150.00. The company’s shares closed yesterday at $157.61.
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Wetherbee covers the Industrials sector, focusing on stocks such as American Airlines, Delta Air Lines, and Southwest Airlines. According to TipRanks, Wetherbee has an average return of 15.4% and a 64.22% success rate on recommended stocks.
In addition to Wells Fargo, ArcBest also received a Hold from UBS’s Thomas Wadewitz in a report issued on July 7. However, on July 15, Truist Financial maintained a Buy rating on ArcBest (NASDAQ: ARCB).