Barclays Maintains Equal-Weight on Old Dominion Freight Line, Lowers Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Equal-Weight rating on Old Dominion Freight Line (ODFL) and reduced the price target from $210 to $205.
April 25, 2024 | 6:30 pm
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Barclays maintains an Equal-Weight on ODFL and lowers the price target from $210 to $205.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in ODFL's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered target suggests a recalibration of expected performance, which might be interpreted negatively by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100