Old Dominion price target raised to $375 from $304 at Credit Suisse

Credit Suisse analyst Ariel Rosa raised the firm’s price target on Old Dominion to $375 from $304 and keeps an Underperform rating on the shares. The firm notes Old Dominion reported Q2 EPS of $2.65, down -20% year-over-year, but slightly above Credit Suisse’s $2.61 and Street consensus’ $2.63 targets. Shares advanced +6.4% after releasing results, as CFO Adam Satterfield commented, “we have noticed an incremental increase in revenue over the past few workdays.”