Analysts Are Upgrading These 5 Stocks

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In this article, we discuss the 5 stocks receiving upgrades from analysts. If you want to see more such stocks on the list, go directly to Analysts Are Upgrading These 10 Stocks

05. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Number of Hedge Fund Holders: 37

Thomasville, North Carolina-based Old Dominion Freight Line (NASDAQ:ODFL) is a leading less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL services through a single integrated organization. The company operates through a network of more than 250 service centers throughout the United States. On June 27, BofA Securities upgraded its rating on Old Dominion Freight Line (NASDAQ:ODFL) from ‘neutral’ to ‘buy’. The analyst’s recommendation indicates a positive outlook on the company’s stock. Additionally, BofA Securities set a price target of $391 for Old Dominion Freight Line (NASDAQ:ODFL) Freight Line. This upgrade suggests the analyst believes the stock has the potential to increase in value.

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