Old Dominion price target lowered to $174 from $186 at Stephens

Stephens lowered the firm’s price target on Old Dominion (ODFL) to $174 from $186 and keeps an Overweight rating on the shares after a “slight” Q2 miss. As the cycle turns, the firm expects Old Dominion will gain share as others have service issues and it believes shares remain attractive on a longer time horizon, so it would “use the move lower to build positions,” the analyst tells investors.