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Nasdaq Notifies Missfresh; Jefferies Sees Upside On ArcBest, Old Dominion Freight Line, and Saia

  • June 13th, 2023
  • 229 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)

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