** TD Cowen hikes PT on logistics firm ArcBest Corp ARCB.O to $175 from $137, maintains rating at "hold"

** New price target shows an upside of 5.3% from the stock's last close

** Brokerage is updating its model for the company to reflect strong quarter-to-date trends and expected pricing momentum following the announcement of a mid-year general rate increase

** Says ARCB is reshaping its network by shedding low-value freight and focusing on higher-margin shipments

** Six of 12 brokerages rate the stock "buy" or higher, six "hold"; their median PT is $147.50- data compiled by LSEG

** YTD, stock has risen 124%