JP Morgan Initiates Coverage On Old Dominion Freight Line with Neutral Rating, Announces Price Target of $465
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck initiates coverage on Old Dominion Freight Line (ODFL) with a Neutral rating and a price target of $465.
March 11, 2024 | 9:46 am
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JP Morgan initiated coverage on Old Dominion Freight Line with a Neutral rating and a price target of $465.
The initiation of coverage by JP Morgan with a Neutral rating and a specific price target provides investors with a new professional analysis to consider. However, the Neutral rating suggests that the analyst sees the stock as fairly valued at its current price, implying no significant short-term price movement is expected. The price target of $465 indicates where the analyst believes the stock will move in the medium term, but the Neutral rating tempers expectations for any immediate impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100