BUZZ-BofA Global raises PT on Old Dominion Freight Line

Reuters02:25
BUZZ-BofA Global raises PT on <a href="https://laohu8.com/S/ODFL">Old Dominion Freight Line</a>

** Shares of U.S. shipping company Old Dominion Freight Line ODFL.O rise 1.48% to $158.04

** BofA Global Research raises PT on ODFL to $165 from $149, a 5.9% upside to the stock's last close

** Brokerage cites ODFL's strong operations, pricing power and expected recovery from trough 2025 earnings justify its 31× multiple

** Expects Q4 margins to underperform seasonality, with ODFL's operating ratio forecast to deteriorate to 77.2% amid weaker‑than‑usual October volumes

** BofA says signs of truckload market supply tightening is promising, but demand remains muted

** Truckload freight capacity is strained by licensing/testing rules, equipment removals, weak truck orders, and bankruptcies, brokerage says

** 10 of 26 brokerages rate the stock "buy" or "strong buy", 13 "hold" and 3 "sell" or "strong sell"; median PT is $155 — data compiled by LSEG

** As of last close, ODFL down 11.7% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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