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Fly News Breaks for February 20, 2020
ODFL
Feb 20, 2020 | 07:09 EDT
KeyBanc analyst Todd Fowler raised his price target for Old Dominion to $245 from $235, while reiterating an Overweight rating on the shares. The analyst cited expectations for share and margin expansion intermediately, as well as improved free cash flow from reduced capital expenditures, while stabilizing tonnage trends and rational industry pricing are additional positives. Reflecting favorable margins and consistent execution, he feels a premium multiple is warranted.
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