Old Dominion Freight Line (ODFL) PT Lowered to $165 at Credit Suisse on 4Q; 'Lowered Estimates on Higher than Anticipated Tax Rates'

Credit Suisse lowered its price target on Old Dominion Freight Line (NASDAQ: ODFL) to $165.00 (from $172.00) while maintaining a Outperform rating, following the company's fourth quarter earnings report.

Analyst Allison Landry notes a cautious outlook on the shares, as the company reported fourth quarter earnings per share and revenues above consensus, fueled by increasing market share, strong revenue growth with upside potential on a stronger LTL pricing environment in 2018.

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