ArcBest (ARCB) Misses Q1 EPS by 13c
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Stifel Downgrades ArcBest Corp (ARCB) to Hold
May 2, 2016 6:22 AM EDTStifel downgraded ArcBest Corp (NASDAQ: ARCB) from Buy to Hold and removed its $23 price target.
Analyst David Ross commented, "ArcBest reported 1Q16 adjusted EPS on Friday of ($0.24), well below our estimate of ($0.02) and the Street consensus estimate of ($0.11) due to weaker-than-expected margins, as overall revenues... More
