Old Dominion price target lowered to $350 from $390 at Raymond James

Raymond James analyst Patrick Tyler Brown lowered the firm’s price target on Old Dominion to $350 from $390 and keeps an Outperform rating on the shares. The firm continues to see durability in its LTL pricing thesis and believes that Old Dominion’s network and industry-leading door ownership position carries more advantages than the market appreciates, the analyst tells investors in a research note.