Market Overview

UPDATE: Sterne Agee Downgrades Arkansas Best to Underperform on Weak EPS, Fiscal Cliff

Related ABFS
UPDATE: Deutsche Bank Raises PT on Arkansas Best on 2014 Transport Outlook
UPDATE: Bank of America Reiterates on Arkansas Best on Raised EPS Estimates

Sterne Agee reduced its rating on Arkansas Best (NASDAQ: ABFS) from Neutral to Underperform and cut its price target from $11 to $8.

Sterne Agee commented, "While the shares of ABFS have been under pressure so far this year, in the wake of a weaker than expected EPS report, and increasing concerns over the looming fiscal cliff, we believe that ABFS shares could continue to struggle in the absence of a meaningful labor union pact, which we increasingly believe is likely to disappoint as well. In a true recession scenario, we believe these shares offer meaningful downside."

Arkansas Best closed at $8.13 on Wednesday.

Latest Ratings for ABFS

Jan 2014CitigroupMaintainsBuy
Dec 2013Deutsche BankMaintainsHold
Dec 2013JP MorganUpgradesUnderweightNeutral

View More Analyst Ratings for ABFS
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings


Related Articles (ABFS)

View Comments and Join the Discussion!

Partner Center