UPDATE: Goldman Sachs Upgrades Old Dominion Freight Line (ODFL) to Neutral

Goldman Sachs analyst Jordan Alliger upgraded Old Dominion Freight Line (NASDAQ: ODFL) from Sell to Neutral with a price target of $214.00 (from $187.00).

The analyst comments "We upgrade Old Dominion from Sell to Neutral, with a new price target of $214 (from $187). While valuation is not discounted at 27.8x our 2021 EPS forecast, we did make 1% and 7% upward revisions to estimates in 2021 and 2022 to better reflect incremental margin potential in LTL industrial recovery mode. We also raise Saia’s 2021 and 2022 EPS for the same reason, with the price target going to $181 (from $165)."

For an analyst ratings summary and ratings history on Old Dominion Freight Line click here. For more ratings news on Old Dominion Freight Line click here.

Shares of Old Dominion Freight Line closed at $200.96 yesterday.

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