B of A Securities Downgrades Old Dominion Freight Line to Neutral, Raises Price Target to $446
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter downgraded Old Dominion Freight Line (ODFL) from Buy to Neutral, while raising the price target from $443 to $446.
March 06, 2024 | 4:38 pm
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NEUTRAL IMPACT
Old Dominion Freight Line was downgraded from Buy to Neutral by B of A Securities, but its price target was increased from $443 to $446.
The downgrade to Neutral suggests a more cautious outlook on ODFL's stock by B of A Securities, potentially due to valuation or other concerns. However, the increase in the price target indicates a slight positive adjustment in the expected stock performance. The mixed signals could lead to short-term uncertainty among investors, hence a neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100