SUPL - Old Dominion Freight Line Set For Strong Growth Amid Favorable LTL Trends Says Analyst | Benzinga
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) analysts shares are trading higher today. BMO Capital analyst Fadi Chamoun initiated coverage with an Outperform rating and a price target of $210.
The analyst writes that ODFL has consistently been one of the top three performing transport stocks across the past three freight cycles, led by favorable LTL industry conditions, a distinctive and high-performing culture, and exceptional execution.
Chamoun expects the LTL industry to gain from enduring favorable trends such as the closure of YELL, the potential resurgence of near-shoring in manufacturing, and its position as the optimal middle-mile solution amidst decreasing e-commerce delivery times.
Over the last decade, ODFL’s free cash flow has ...