Old Dominion price target lowered to $185 from $195 at Wells Fargo

Wells Fargo lowered the firm’s price target on Old Dominion (ODFL) to $185 from $195 and keeps an Underweight rating on the shares. Wells says that into Q4 results/2025 outlooks, its call remains the same: lean into early cycle. The firm sees signs volume may broaden out to include better industrial freight. Near-term expectations continue to reset, but the direction of fundamentals is positive, Wells adds.