Stifel analyst Bruce Chan last night upgraded Old Dominion Freight Line to Buy from Hold with an unchanged price target of $416. The company in Q3 offset market softness with better operating efficiency, leading to a healthy earnings beat, the analyst tells investors in a research note. The firm says Old Dominion has consistently demonstrated industry-leading execution, margins, and growth for more than two decades. With the stock’s recent, modest pullback, “this may be the opportunity” to buy the shares, says Stifel.
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Read More on ODFL:
- Old Dominion upgraded to Buy from Hold at Stifel
- Old Dominion price target lowered to $405 from $425 at Susquehanna
- Old Dominion price target lowered to $435 from $505 at Wells Fargo
- Old Dominion price target lowered to $385 from $410 at Barclays
- Old Dominion reports Q3 EPS $3.09, consensus $2.92
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