Raymond James Financial has raised its price target for Old Dominion Freight Line (NASDAQ:ODFL) to $213.00 from $180.00, maintaining an “outperform” rating, which suggests a 5.2% upside. Despite a modest Q4 EPS beat ($1.09 vs. $1.06), the company experienced a 5.7% year-over-year revenue decline and a 10.7% drop in LTL volume, leading to mixed analyst reactions and a consensus “Hold” rating with an average target of $185.46. The article highlights both positive and negative sentiments surrounding ODFL, noting modest Q4 beats and analyst upgrades as positive, while revenue decline and mixed analyst reactions as points of concern.
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Raymond James Financial Increases Old Dominion Freight Line (NASDAQ:ODFL) Price Target to $213.00
Raymond James Financial has raised its price target for Old Dominion Freight Line (NASDAQ:ODFL) to $213.00 from $180.00, maintaining an “outperform” rating, which suggests a 5.2% upside. Despite a modest Q4 EPS beat ($1.09 vs. $1.06), the company experienced a 5.7% year-over-year revenue decline and a 10.7% drop in LTL volume, leading to mixed analyst reactions and a consensus “Hold” rating with an average target of $185.46. The article highlights both positive and negative sentiments surrounding ODFL, noting modest Q4 beats and analyst upgrades as positive, while revenue decline and mixed analyst reactions as points of concern.