Dahlman Rose Downgrades Old Dominion Freight Line, Inc

Dahlman Rose & Co released a research report recently on logistic company Old Dominion Freight Line, Inc ODFL. They downgraded ODFL to ‘hold’ from ‘buy’. Old Dominion reported 2Q10 EPS from operation of $0.58 compared with $0.29 reported last quarter. The result was ahead of the expectation of analysts, who were predicting between $0.40 to $0.44. Dahlman felt that the stock have additional upside from here but not enough to continue to recommend shares, hence the downgrade from ‘buy’ to ‘hold.'