Susquehanna analyst Bascome Majors raised the firm’s price target on Old Dominion to $330 from $260 and keeps a Neutral rating on the shares. The analyst said the company is protecting margin into what could be the deepest period of tonnage declines this cycle, if inventory dynamics are still the primary driver and we’re not entering prolonged industrial recession.
Published first on TheFly
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- Old Dominion price target raised to $340 from $276 at Baird
- Old Dominion price target raised to $395 from $315 at Wells Fargo
- Old Dominion price target raised to $400 from $325 at KeyBanc
- Old Dominion boosts dividend 33.3% to 40c
- Old Dominion:Q4 operating ratio up 240 basis points to 71.2% vs. last year
