Wells Fargo Maintains Underweight on Old Dominion Freight Line, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Christian Wetherbee has maintained an Underweight rating on Old Dominion Freight Line (NASDAQ:ODFL) and lowered the price target from $170 to $160.
October 24, 2024 | 2:31 pm
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Wells Fargo has maintained an Underweight rating on Old Dominion Freight Line and reduced the price target from $170 to $160, indicating a bearish outlook.
The maintenance of an Underweight rating and the reduction of the price target by Wells Fargo suggests a negative outlook on Old Dominion Freight Line's stock performance. This could lead to a short-term decrease in stock price as investors react to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100