Old Dominion price target raised to $170 from $165 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Old Dominion (ODFL) to $170 from $165 and keeps an Equal Weight rating on the shares. Q4 results were “mostly in-line,” but Q1 guidance “was an upside surprise,” which drove short covering in the stock, notes the analyst, who continues to view the risk-reward as “balanced.”