ArcBest Corp Reaches Analyst Target Price
July 31, 2017 at 10:09 AM EDT
In recent trading, shares of ArcBest Corp (ARCB) have crossed above the average analyst 12-month target price of $25.86, changing hands for $26.95/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..