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Old Dominion price target lowered to $170 from $180 at Truist

Truist lowered the firm’s price target on Old Dominion (ODFL) to $170 from $180 and keeps a Buy rating on the shares after its Q2 results. Volume pressure persists, but this is likely a short-term macro-related issue and the setup for operating leverage into a demand recovery is increasingly attractive, the analyst tells investors in a research note.

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