Old Dominion Freight Line Faces Sluggish Industrial Demand, Analyst Downgrades Stock
2
0
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading slightly lower on Friday. BMO Capital Markets analyst Fadi Chamoun downgraded the company to Market Perform from Outperform and lowered the price target to $210 from $214.
The analyst writes that consensus/BMOe F2025 earnings expectations have decreased by 13%/15%. Demand remains muted, and the timeline for a recovery in freight markets continues to be delayed.
The downgrade reflects anticipation of further negative revisions as the recovery timeline for freight markets extends.
Chamoun says that industrial demand, which represents …
Full story available on Benzinga.com
Visited 2 times, 1 visit(s) today