Old Dominion Freight Line shares are trading lower after the company reported certain operating metrics for May, 2024. Also, B of A Securities maintained a Neutral rating on the stock and lowered its price target from $205 to $192.
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line shares are trading lower after the company reported certain operating metrics for May, 2024. Additionally, B of A Securities maintained a Neutral rating on the stock and lowered its price target from $205 to $192.
June 06, 2024 | 2:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Old Dominion Freight Line shares are trading lower due to disappointing operating metrics for May 2024. B of A Securities maintained a Neutral rating and lowered its price target from $205 to $192.
The decline in Old Dominion Freight Line's share price is driven by disappointing operating metrics for May 2024. The lowered price target from B of A Securities further adds to the negative sentiment, likely causing short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100