Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Old Dominion (ODFL) to $224 from $213 and keeps an Outperform rating on the shares. Old Dominion continues to demonstrate a structurally strong LTL pricing and network position, with industry-leading door density supporting long-term share gains and reinforcing the view that its business model is more resilient across freight cycles than the broader market assumes, the analyst tells investors in a research note.
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