Old Dominion price target lowered to $188 from $200 at Stifel

Stifel analyst J. Bruce Chan lowered the firm’s price target on Old Dominion (ODFL) to $188 from $200 and keeps a Buy rating on the shares. While noting that there is significant uncertainty heading into the Q1 prints for the Less-than-Truckload group, the firm adds that core pricing remains stable and competition rational, which it argues “positions the industry to weather rough seas better than other modes.”