Morgan Stanley Maintains Equal-Weight on Old Dominion Freight Line, Raises Price Target to $360
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Equal-Weight rating on Old Dominion Freight Line (NASDAQ:ODFL) and raised the price target from $358 to $360.
October 26, 2023 | 12:31 pm
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POSITIVE IMPACT
Old Dominion Freight Line's price target has been raised from $358 to $360 by Morgan Stanley, while maintaining an Equal-Weight rating.
The increase in price target by a renowned financial institution like Morgan Stanley indicates a positive outlook for the company. This could potentially lead to an increase in investor confidence and subsequently, a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100