Stephens analyst Reed Seay raised the firm’s price target on Old Dominion (ODFL) to $190 from $156 and keeps an Overweight rating on the shares. Industrial demand weakness continues to weigh on Less-Than-Truckload volumes, though November tonnage was better than expected, the analyst tells investors in a Q4 preview for the group. Looking forward to 2026, the firm expects to see some margin recovery as demand stabilizes, the analyst added.
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