Old Dominion price target raised to $232 from $190 at Stephens

Stephens raised the firm’s price target on Old Dominion (ODFL) to $232 from $190 and keeps an Overweight rating on the shares. Early signs are “encouraging,” but the firm continues to expect the largest improvement from demand to show up in 2027 results, says the analyst, who adds that Old Dominion remains one of its favorite less-than-truckload names due to its industry leading incremental margins when volumes return.