Old Dominion price target lowered to $162 from $168 at Stifel

Stifel lowered the firm’s price target on Old Dominion (ODFL) to $162 from $168 and keeps a Buy rating on the shares. A mixed, but generally weak macro backdrop for the Less-than-Truckload group persists into the Q3 reporting season, says the analyst, who adds that the firm’s channel checks and intra-quarter data suggest operations remain “soft but stable.”