Evercore ISI Group Downgrades Old Dominion Freight Line to In-Line, Lowers Price Target to $196
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has downgraded Old Dominion Freight Line (NASDAQ: ODFL) from Outperform to In-Line and lowered the price target from $225 to $196.
June 25, 2024 | 10:41 am
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NEGATIVE IMPACT
Evercore ISI Group has downgraded Old Dominion Freight Line from Outperform to In-Line and reduced the price target from $225 to $196.
The downgrade from Outperform to In-Line and the reduction in the price target from $225 to $196 by Evercore ISI Group is likely to negatively impact the stock price of Old Dominion Freight Line in the short term. Such downgrades typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100