Citi lowered the firm’s price target on Old Dominion (ODFL) to $173 from $174 and keeps a Buy rating on the shares. The firm updated trucking estimates to reflect the less-than-truckload mid-quarter results. The firm says the mid-quarter updates reflects weak freight demand continuing.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ODFL:
- Old Dominion Freight Line: Hold Rating Amid Strong Pricing and Weak Volume
- Old Dominion Freight Reports August Revenue Decline
- Old Dominion reports revenue per day decreased by 4.8% in August
- 3 ‘Boring’ Stocks that May Outrun Big Tech And Let You Sleep At Night
- Trump Trade: $2B of CHIPS Act funds may be reallocated to minerals