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analysts adjust target prices for old dominion freight line stock
Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in North America, with hedge funds owning 77.82% of its stock. Analysts have mixed ratings, with a consensus "Hold" and a target price of $201.40, while Wells Fargo recently lowered its target to $160. The company reported a quarterly EPS of $1.23, exceeding estimates, and has a market cap of $35.85 billion.
Itau Unibanco sues former CFO for reimbursement of legal fees
Brazil's Itau Unibanco has filed a new lawsuit against former CFO Alexsandro Broedel Lopes, seeking 6.64 million reais for allegedly unpaid legal reports. The bank claims Broedel co-authored a report for which it paid, while both he and legal consultant Eliseu Martins deny any wrongdoing. Broedel, now set to join Banco Santander, has not been officially informed of the lawsuit, and his representatives assert the allegations are baseless.
UBS analyst Thiago Batista upgraded Itau Unibanco stock from Neutral to Buy, lowering the price target to R$41.00. The bank reported a strong Q3 with a 20% year-over-year increase in recurring results, while maintaining a robust loan portfolio despite macroeconomic challenges. Investments in technology have enhanced efficiency, although growth in the acquiring business has slowed.
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