KeyBanc analyst Todd Fowler raised his price target for Old Dominion to $175 from $165 and retained an Overweight rating on the name. Fowler tells investors in a research note that current quarter results and expectations for seasonal margin progression from strong second quarter levels highlight strong operational discipline, with balance sheet strength supporting on-going investment and capital deployment.

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."

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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.