Raymond James Maintains Outperform on Old Dominion Freight Line, Lowers Price Target to $425
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Patrick Tyler Brown has maintained an 'Outperform' rating on Old Dominion Freight Line (NASDAQ:ODFL), but lowered the price target from $455 to $425.
October 27, 2023 | 1:42 pm
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NEUTRAL IMPACT
Old Dominion Freight Line's price target has been lowered from $455 to $425 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100