Goldman Sachs lowered the firm’s price target on Old Dominion (ODFL) to $216 from $228 and keeps a Neutral rating on the shares. The firm’s Q3 EPS forecasts move lower for less-than-truckload shippers, and hence its 2025/2026 EPS forecasts are lowered on lower baselines, primarily reflecting broadly weak mid-Q3 operational updates from the companies, apart from the “still-solid volume intake trends” seen for Saia (SAIA) as it continues to layer on new terminal openings across its network, the analyst tells investors in a preview.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ODFL:
- Old Dominion price target raised to $179 from $160 at Wolfe Research
- Wolfe Research sees ‘mixed bag’ across freight, no signs of broad recovery
- Old Dominion initiated with a Neutral at Citi
- Old Dominion price target lowered to $188 from $199 at Evercore ISI
- Old Dominion price target lowered to $210 from $214 at Stephens