Jefferies lowered the firm’s price target on Old Dominion (ODFL) to $165 from $195 and keeps a Hold rating on the shares. Macro uncertainties are impacting what has remained a soft industrial backdrop, says the analyst, who now expects less-than-truckload volumes to remain sub-seasonal through the next several months and lowered the firm’s Q2 and 2025 estimates among the LTL group 9% and 5%, respectively.
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