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Fly News Breaks for October 26, 2018
ODFL
Oct 26, 2018 | 07:10 EDT
KeyBanc analyst Todd Fowler lowered his price target on Old Dominion to $150 from $180. In a research note to investors, Fowler says additional margin expansion and favorable yield dynamics support continued earnings growth into 2019, despite slower tonnage growth from company-specific initiatives and macro factors. Combined with potential capital deployment as CapEx normalizes and favorable valuation, he reiterates an Overweight rating.
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