JPMorgan lowered the firm’s price target on Old Dominion (ODFL) to $143 from $155 and keeps a Neutral rating on the shares. The firm updated transport and logistic estimates and price targets ahead of the Q3 reports. JPMorgan lowered estimates across the board, saying tariffs and trade policy uncertainty persisted while spot truckload rates remain subdued.
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Read More on ODFL:
- Old Dominion Freight Line: Hold Rating Amid Sub-Seasonal Volumes and Resilient Revenue Quality
- Old Dominion price target raised to $164 from $155 at UBS
- Old Dominion price target lowered to $150 from $155 at Barclays
- Old Dominion price target lowered to $143 from $155 at Evercore ISI
- Old Dominion price target lowered to $173 from $174 at Citi