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Fly News Breaks for February 10, 2020
ARCB
Feb 10, 2020 | 09:09 EDT
Loop Capital analyst Jeffrey Kauffman lowered his price target on ArcBest to $26 and kept his Hold rating, saying that while the company beat on Q4 earnings, its 2020 performance will be weighed by a "series of costs" that include labor contract and technology investments. The analyst further warns that the weak expedited marketplace along with a slower trucking environment will likely make 2019 and 2020 into "investment in infrastructure years".
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