BofA Lowers PT for Old Dominion (ODFL), Maintains Neutral Rating
On June 4, BofA Securities lowered its price target for Old Dominion Freight Line, Inc. (NASDAQ:ODFL) from $183 to $172 and kept a Neutral rating on the stock.
Ken Hoexter from BofA made the update following Old Dominion's mid-second quarter 2025 result. The American transport and logistics company reported a 5.8% decline year-over-year in revenue per day for May 2025, missing BofA's estimate of a 3.9% decline. Despite such, the company maintains a healthy gross profit margin of 39.75% and a trailing 12-month revenue of $5.73 billion.
A large cargo ship navigating a busy port, its scale highlighting the company's marine transportation services.
Hoexter also added that the company saw a 6.8% decline in shipments per day, missing the BofA's target of a 6.5% decline. The analyst also pointed out that the economic impact of the China tariffs has contributed to the weak results. Old Dominion's CEO, on the other hand, states that the company is maintaining its market share and profitability.
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a freight transportation and logistics services company that primarily offers services in the United States, Canada, and Mexico . The company also offers household moving services and expedited logistics.
While we acknowledge the potential of ODFL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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