"Wells Fargo upgraded Old Dominion from Underweight to Equal Weight, raising its price target to $200 from $165, citing a more durable freight recovery than previously expected."
"The firm noted improving demand trends, the return of seasonality, and ISM readings above 50 as signals that the industrial economy is finally turning a corner."
"Old Dominion's earnings estimates are biased higher for the first time in two years, a notable turn after a prolonged stretch of downward revisions."
"LTL revenue per hundredweight excluding fuel surcharges grew every single quarter in 2025, ranging from +4.1% to +5.3% year-over-year, even as volumes fell."
Wells Fargo upgraded Old Dominion Freight Line from Underweight to Equal Weight, raising its price target to $200. The firm noted improving demand trends and a return of seasonality as indicators of a recovering industrial economy. Old Dominion's earnings estimates are biased higher for the first time in two years, with rising fuel prices benefiting LTL carrier earnings. The company reported a full-year revenue of $5.5 billion and a diluted EPS of $4.84, exceeding estimates. Old Dominion's stock has increased by 28% year-to-date.
Read at 24/7 Wall St.
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