Several firms reduce their ratings on Arkansas Best (ABFS -5.4%) after weak Q1 results, released Friday. BofA cuts shares to Underperform and its price target to $16 from $20, citing its larger-than-expected freight decline and its move to continue spending on investments, which "has us concerned about the pace of its rebound." Wells Fargo also slashes its rating.
Several firms reduce their ratings on Arkansas Best (ABFS -5.4%) after weak Q1 results, released...
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