Old Dominion price target raised to $415 from $385 at Barclays

Barclays raised the firm’s price target on Old Dominion to $415 from $385 and keeps an Equal Weight rating on the shares. The analyst says multiples are elevated in the less-than-truckload group as stock performance far outpaces estimate revisions. However, Barclays’ upcycle analysis supports meaningful earnings expansion potential over the next few years, particularly at Saia and XPO, the analyst tells investors in a research note.