Old Dominion Freight Line (ODFL) PT Lowered to $209 at TD Cowen

TD Cowen analyst Jason Seidl lowered the price target on Old Dominion Freight Line (NASDAQ: ODFL) to $209.00 (from $214.00) while maintaining a Hold rating.

The analyst commented, "We update our model to reflect QTD trends. Tons/day -6.1% in Aug after a flat July, QTD rev/CWT ex fuel was +4.9%. Tonnage trends were below our previous forecast, and we adjust our model accordingly. We slightly worsen our OR assumption given the likely downside to the 50bps due to the lack of seasonality. We lower out-year estimates, '26 EPS to $7.45 (28x multiple intact), PT to $209. Reit Hold."

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