Old Dominion Freight Line (ODFL) PT Lowered to $205 at BMO Capital

BMO Capital analyst Fadi Chamoun lowered the price target on Old Dominion Freight Line (NASDAQ: ODFL) to $205.00 (from $210.00) while maintaining a Market Perform rating.

The analyst commented, "Third quarter results were slightly below forecast on an EBIT basis. ODFL, however, continues to be a best-in-class transport (not just in LTL) that is highly differentiated from an execution standpoint. While negative de-leveraging from cyclical headwinds pushes our EPS forecasts lower, to $1.16 from $1.25 in Q4/24 and to $5.61 from $6.00 in F2025, the company is well-positioned for an eventual upcycle, visibility of which remains limited. We rate ODFL Market Perform."

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