Analyst Jason Seidl of TD Cowen reiterated a Hold rating on Old Dominion Freight, reducing the price target to $166.00.
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Jason Seidl has given his Hold rating due to a combination of factors including updated trends observed in the current quarter. He has slightly reduced the expectations for tonnage, which reflects a lighter than anticipated industrial demand in the second quarter. Despite this, there is an assumption of modest sequential margin improvement. Additionally, the earnings per share estimate for 2026 has been adjusted downward from $6.25 to $6.15. Maintaining the 27x multiple, the price target has been revised to $166. These considerations collectively support the decision to reiterate a Hold rating for Old Dominion Freight.
In another report released on June 30, Robert W. Baird also initiated coverage with a Hold rating on the stock with a $164.00 price target.