Several firms reduce their ratings on Arkansas Best (ABFS -5.4%) after weak Q1 results, released...
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.
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