Morgan Stanley lowered the firm’s price target on Old Dominion to $168 from $174 and keeps an Equal Weight rating on the shares. Q2 will “likely be another quarter of tough results across the board” for the freight transportation group, says the firm, which adds that “it may not be as doom-and-gloom” as Q1 was and notes in its preview for the group that the firm expects a wider range of outcomes.
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