Old Dominion Freight Line Stock Slumps After Citi Analyst Downgrade
Shares in Old Dominion Freight Line (NASDAQ: ODFL) fell by 11.9% last week following a downgrade from a Citi analyst to 'sell' from 'neutral'. Despite positive shipment data and improving manufacturing sentiment, the stock has already risen 41% this year, leading analysts to question its valuation.
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Topics: Citi analyst downgrade LTL market outlook Old Dominion Freight Line