BMO Capital Downgrades Old Dominion Freight Line to Market Perform, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has downgraded Old Dominion Freight Line (NASDAQ:ODFL) from Outperform to Market Perform and reduced its price target from $214 to $210.
October 18, 2024 | 11:14 am
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BMO Capital has downgraded Old Dominion Freight Line from Outperform to Market Perform, with a reduced price target of $210, indicating a more cautious outlook.
The downgrade from Outperform to Market Perform suggests a less optimistic view on ODFL's future performance. The lowered price target from $214 to $210 indicates reduced expectations for the stock's value, likely leading to a negative short-term impact on the stock price.
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