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Investing.com - Raymond James has reduced its price target on Old Dominion Freight Line (NASDAQ:ODFL) to $155.00 from $160.00 while maintaining an Outperform rating on the stock.
The price target adjustment comes as Raymond James continues to see durability in the less-than-truckload (LTL) pricing thesis, which it considers structurally superior to truckload (TL) pricing across economic cycles.
Raymond James highlighted Old Dominion’s network and industry-leading door ownership position of approximately 95% as carrying more long-term competitive advantages than the market currently appreciates.
Despite fluctuations in economic and tonnage trends, Raymond James believes Old Dominion is well-positioned for the other side of the freight cycle.
The firm also noted that the market continues to fundamentally re-rate the LTL industry higher as investors better understand the durability of pricing and the competitive moat created by LTL networks.
In other recent news, Old Dominion Freight Line reported its earnings for the third quarter of 2025, surpassing Wall Street expectations. The company announced an earnings per share (EPS) of $1.28, beating the forecast of $1.22. Revenue also exceeded predictions, reaching $1.41 billion compared to the anticipated $1.40 billion. These results highlight the company’s strong financial performance in the quarter. In addition to the earnings report, there have been no recent announcements regarding mergers or acquisitions. Analyst firms have not issued any upgrades or downgrades for Old Dominion Freight Line at this time. These developments provide investors with important insights into the company’s recent financial performance.
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