Old Dominion price target raised to $410 from $320 at Baird

Baird analyst Garrett Holland raised the firm’s price target on Old Dominion (ODFL) to $410 from $320 and keeps a Neutral rating on the shares. The firm said the company weathered a challenging downcycle by staying true to its pricing/service discipline and maintaining healthy network capacity. Now with the bankruptcy of Yellow Corp (YELL) seemingly imminent, the company should be a prime beneficiary and absorb significant market share on its terms.