Baird analyst Garrett Holland raised the firm’s price target on Old Dominion to $340 from $276 and keeps a Neutral rating on the shares. The analyst said execution should remain strong, and the company looks well positioned to emerge stronger from a freight recession as the cycle inflects but he would look to buy on pullbacks.
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Published first on TheFly
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Read More on ODFL:
- Old Dominion boosts dividend 33.3% to 40c
- Old Dominion:Q4 operating ratio up 240 basis points to 71.2% vs. last year
- Old Dominion reports Q4 EPS $2.92, consensus $2.68
- Old Dominion names Kevin Freeman to succeed Greg Gantt as president, CEO
- Old Dominion downgraded to Underperform from Neutral at Credit Suisse