Wells Fargo Initiates Coverage On Old Dominion Freight Line with Underweight Rating, Announces Price Target of $175
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Old Dominion Freight Line (NASDAQ:ODFL) with an Underweight rating and set a price target of $175.
June 07, 2024 | 2:26 pm
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Wells Fargo has initiated coverage on Old Dominion Freight Line with an Underweight rating and a price target of $175, suggesting a bearish outlook.
The Underweight rating and the price target of $175, which is below the current market price, indicate a bearish outlook from Wells Fargo. This could lead to a short-term decline in ODFL's stock price as investors react to the negative sentiment.
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