Old Dominion price target raised to $214 from $206 at TD Cowen

TD Cowen raised the firm’s price target on Old Dominion to $214 from $206 and keeps a Hold rating on the shares. The firm said results came in above their forecast and consensus expectations in Q2 as investor uncertainty lessens after yields and tonnage hold the line despite the ongoing sluggish transport environment. Cowen lowered 2H expectations nonetheless primarily on margins and look towards any sign of inflection in industrial demand.