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Stock impact report

Evercore ISI Raises Old Dominion (ODFL) Target but Warns Transport Optimism is Priced In [Yahoo! Finance]

Old Dominion Freight Line, Inc. (ODFL) 
Last old dominion freight line, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: odfl.com/financials
Company Research Source: Yahoo! Finance
Photo by Annie Spratt on Unsplash On January 13, Evercore ISI analyst Jonathan Chappell raised his price target on Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to $150 from $139, while keeping an In Line rating on the stock. He said that a lot of the optimism around EPS growth over the next two years is already reflected in transport valuations, especially after the sector benefited from heavy rotation and early-cycle excitement. At the same time, he warned that if demand weakens further, it could delay a true recovery and put added pressure on earnings forecasts. In that kind of setup, stocks can also see valuation multiples compress. That caution lines up with what the numbers have been showing. Old Dominion shares are down more than 7% over the last 12 months as freight demand has stayed soft and the company's model has been working against it. In the third quarter, revenue fell 4.3% year-over-year to $1.41 billion. Operating income dropped 10.2% to around $361 million, and E Show less Read more
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