Morgan Stanley Reiterates Equal-Weight on Old Dominion Freight Line, Lowers Price Target to $332
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has reiterated an Equal-Weight rating on Old Dominion Freight Line (NASDAQ:ODFL) and lowered the price target from $334 to $332.

July 06, 2023 | 2:05 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Old Dominion Freight Line and lowered the price target from $334 to $332.
The news is directly about Old Dominion Freight Line. The reiteration of the Equal-Weight rating suggests that Morgan Stanley sees the stock as fairly valued. However, the lowering of the price target could indicate a slightly less optimistic outlook, which may have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100