Truist analyst Lucas Servera lowered the firm’s price target on Old Dominion (ODFL) to $175 from $220 and keeps a Buy rating on the shares. The firm is updating its model to reflect softer macro trends and a certain degree of operating deleverage vs. its previous expectations, even thought it continues to view Old Dominionas a best-in-class LTL operator with a long-term share gain potential, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ODFL:
- Old Dominion price target lowered to $175 from $186 at BMO Capital
- Old Dominion price target lowered to $169 from $171 at Susquehanna
- Old Dominion price target lowered to $185 from $190 at Raymond James
- Old Dominion price target lowered to $175 from $188 at Stifel
- Old Dominion price target lowered to $180 from $200 at Stephens