Deutsche Reiterates Buy Rating On ODFL

Analysts at Deutsche Bank maintain their Buy rating on shares of Old Dominion (ODFL) after the company reported earnings well above estimates. Deutsche Bank also raised their price target to $47 from $40, noting "We believe ODFL is poised to continue to generate strong operating leverage given a promising volume outlook, expected improvement in LTL yields, and significant sidelined capacity." Old Dominion Freight Line operates as a less-than-truckload (LTL) motor carrier primarily in the United States.