Old Dominion price target raised to $335 from $300 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Old Dominion to $335 from $300 and keeps an Outperform rating on the shares. Brown continues to see durability in the firm’s secular LTL pricing thesis and believes that Old Dominion’s high-quality network and industry-leading door ownership position carries more value and competitive advantages than the market appreciates, the analyst tells investors in a research note.