Nasdaq Notifies Missfresh; Jefferies Sees Upside On ArcBest, Old Dominion Freight Line, and Saia
- June 13th, 2023
- 231 views
Missfresh Limited (Nasdaq: MF) is facing the possibility of delisting from The Nasdaq Stock Market LLC ("Nasdaq") as notified by the Listing Qualifications Department.
In response, the company intends to request a hearing before the Nasdaq Hearing Panel to address the situation and seek a stay on any suspension action until the conclusion of the hearing process.
Despite the uncertainty, $MF was trading at $0.64 in after-hours, up $0.03 (+4.84%)
ArcBest Corporation (Nasdaq: ARCB), a leading logistics company providing transportation and supply chain solutions, has been initiated with a Buy rating and a price target of $110 by Jefferies.
With $ARCB closing at $86.10 on Monday, this price target suggests a potential upside of $23.90 or 27.77%, based on Jefferies' analysis.
Old Dominion Freight Line, Inc. (Nasdaq: ODFL), a prominent less-than-truckload (LTL) transportation company, has been initiated with a Hold rating and a price target of $350 by Jefferies.
Considering that $ODFL closed at $306.14 on Monday, the price target implies a potential upside of $43.86 or 14.34%, as per Jefferies' evaluation.
Saia, Inc. (Nasdaq: SAIA), a leading multi-regional trucking company providing a wide range of transportation services, has also been initiated with a Buy rating and a price target of $350 by Jefferies.
Based on Monday's closing price of $305.24, the price target indicates a potential upside of $44.76 or 14.66% for $SAIA, according to Jefferies' analysis.
Please note that the potential upsides mentioned above are projections based on the views and assessments of Jefferies, considering a range of factors and market conditions. It is important for investors to exercise caution and perform their own analysis before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Micron Technology, Jabil, and Birkenstock Earnings Preview: What to Expect
December 15th, 2024Upcoming Earnings: Synopsys, AeroVironment, and nCino in Focus
December 01st, 2024Countdown to Earnings: Salesforce, Marvell Technology, and Okta Take the Stage
December 01st, 2024Fluence Energy, Agilent Technologies, and Woodward Earnings On Deck: A Preview
November 24th, 2024Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024
Member Login