Old Dominion price target lowered to $183 from $188 at TD Cowen

TD Cowen lowered the firm’s price target on Old Dominion (ODFL) to $183 from $188 and keeps a Hold rating on the shares. The firm noted they beat Cowen’s forecast and consensus expectations in 4Q with some help from a lower tax rate and better top-line. A soft start to January is partially attributed to harsh winter weather conditions and run rate into 1Q likely less than feared given market reaction though Cowen still lowered full year 2025 expectations.