Old Dominion price target lowered to $320 from $340 at Baird

Baird analyst Garrett Holland lowered the firm’s price target on Old Dominion to $320 from $340 and keeps a Neutral rating on the shares. The analyst said Q1 results were softer given the challenging demand backdrop. The spring demand inflection has not materialized, and continued weakness in April accounted for giveback in some year-to-date gains for shares.