BofA raised the firm’s price target on Old Dominion (ODFL) to $149 from $147 and keeps a Neutral rating on the shares after the company’s mid-Q4 update showed revenues/day fell 4.4% year-over-year in November, which was better than the firm’ prior down 6.4% full Q4 estimate that has now been revised to down 5.4%. Following the update, the firm raised its Q4 and 2026 EPS estimates by 1% each.
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Read More on ODFL:
- Old Dominion Freight Line: Hold Rating Amid Mixed Performance Signals and Macroeconomic Challenges
- Old Dominion price target raised to $170 from $168 at Citi
- Old Dominion Freight Faces Market Share Loss and Economic Challenges: Hold Rating Affirmed
- Old Dominion Freight Reports Revenue Decline for November
- Old Dominion says November revenue per day down 4.4% y/y
