Old Dominion price target raised to $180 from $175 at Truist

Truist analyst Lucas Servera raised the firm’s price target on Old Dominion (ODFL) to $180 from $175 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results for Transportation & Logistics names. Heading into the earnings season, the Transportation and Logistics landscape remains defined by freight market softness, cautious market optimism for second-half stabilization, and continued margin discipline across asset- based and asset-light players, the analyst tells investors in a research note. Truist adds that it expects the LTL industry volume to decline by 6% y/y in Q2, reflecting softer industrial activity and weaker-than-expected shipment trends exiting the quarter.