Old Dominion price target lowered to $190 from $192 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Old Dominion (ODFL) to $190 from $192 and keeps a Neutral rating on the shares after its Q1 results. The company’s expense leverage was better on net with EBIT up 4% above the firm’s estimate as slightly lower-than-forecast Salaries/Wages, Purchased Transportation, and Insurance expense outweighed slightly higher operating supplies expense, the analyst tells investors in a research note.