On the wires: The hangover
The careful search for value
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 ...