Raymond James lowered the firm’s price target on Old Dominion (ODFL) to $160 from $165 and keeps an Outperform rating on the shares. Transport stocks steadied in 3Q25 as tariff volatility eased and rates held within a 15%-20% range, though freight volumes dipped after earlier pull-forwards, the analyst tells investors in a research note. Upcoming rate cuts could eventually boost activity, particularly in the auto and housing sectors, the firm says.
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