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Fly News Breaks for October 30, 2018
ODFL
Oct 30, 2018 | 07:53 EDT
BofA/Merrill analyst Ariel Rosa double upgraded Old Dominion to Buy from Underperform and lowered its price target to $139 from $143. Rosa said the recent price decline provides a buying opportunity and notes the company's strong balance sheet and top management team that has a strong record of compounding growth.
News For ODFL From the Last 2 Days
ODFL
Apr 25, 2024 | 05:07 EDT
Barclays lowered the firm's price target on Old Dominion to $205 from $210 and keeps an Equal Weight rating on the shares. Old Dominion's Q1 came in a touch shy of our forecast, though commentary on the forward outlook is encouraging, the analyst tells investors in a research note. The firm views the post-earnings negative stock reaction "as a bit overdone."
ODFL
Apr 24, 2024 | 16:14 EDT
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ODFL
Apr 24, 2024 | 07:16 EDT
Reports Q1 revenue $1.46B, consensus $1.47B Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, "Old Dominion's financial results improved during the first quarter despite continued softness in the domestic economy. For the second straight quarter, both our revenue and earnings per diluted share increased on a year-over-year basis. We achieved these results by continuing to execute our long-term strategic plan, which is centered on our ability to provide our customers with superior service at a fair price. The combination of our 99% on-time service and 0.1% claims ratio has created an unmatched value proposition in our industry, which continues to support our yield management initiatives as well as our ongoing ability to win market share.