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Fly News Breaks for June 6, 2017
ODFL
Jun 6, 2017 | 06:44 EDT
BofA/Merrill analyst Ariel Rosa upgraded Old Dominion to Neutral and raised its price target to $96 from $83 due to increasing volume growth. The analyst said Old Dominion reported May LTL volumes growth of 4.3% versus April and raised his Q2 volume growth target up to 4.8%. The analyst said volumes indicate an improving economy but he remains cautious on Old Dominion's "lofty" valuation.
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