Listing objectives is a clever way to "demystify" the reading process for students. It clearly states what we are trying to accomplish. When students know what they are trying to learn, they are able to learn it more easily. Objectives give students end goals and reasoning behind what they have to do.
Great way to gain feedback on student's understanding of content being taught. Could color coat it to define each level of understanding and pair it with paint chips in corresponding colors on a ring for each student to keep on their desk and flip to during large group instruction.