Saia & Fletes Mexico announce exclusive cross-border partnership
PRESS RELEASE April 01, 2024 10:07 ET| Source: Saia, Inc. JOHNS CREEK, Ga., April 01, 2024 (GLOBE NEWSWIRE) ...
SEEKING ALPHA reports:
– Morgan Stanley calls ArcBest Corp (NASDAQ:ARCB) its top LTL pick in a deep dive on the freight transportation sector.
– Arcbest is rated at Buy with a base case price target of $140 and bull case price target of $200.
– “The mgmt. team has overseen strong EBIT improvement in recent years (amongst the best in the group) and we believe the stock is not getting the credit for recent OR gains that it should. Its diversification and focus on asset-heavy vs. asset-light balance makes it well-positioned among peers. The valuation is the most attractive amongst LTLs and while earnings volatility has been an overhang on the multiple for some time, mgmt.’s newfound focus on consistency should help re-rate the multiple to at least close some of the vast gap to peers”…
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