UBS Maintains Neutral on ODP, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Neutral rating on ODP (NASDAQ:ODP) but lowers the price target from $53 to $30.
August 08, 2024 | 2:27 pm
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UBS analyst Michael Lasser maintains a Neutral rating on ODP but significantly lowers the price target from $53 to $30.
The significant reduction in the price target from $53 to $30 by UBS suggests a less optimistic outlook for ODP. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations accordingly.
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