Old Dominion price target lowered to $180 from $200 at Stephens

Stephens analyst Daniel Imbro lowered the firm’s price target on Old Dominion (ODFL) to $180 from $200 and keeps an Overweight rating on the shares. Though the firm trimmed its target after earnings, it continues to believe Old Dominion’s excess capacity positions it better than peers to capture share through an upcycle and “would use this opportunity to build positions ahead of the market inflection,” the analyst tells investors.