Old Dominion Freight Line Upgraded by Morgan Stanley
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2025
0mins
Should l Buy ODFL?
Source: Benzinga
Old Dominion Freight Line Inc saw a price increase of 5.06%, crossing above its 5-day SMA. This movement reflects positive sentiment following a recent upgrade from Morgan Stanley.
Morgan Stanley raised its rating on Old Dominion Freight Line to Overweight and increased the price target to $190 from $165. This upgrade is part of a broader positive outlook for the freight transportation sector, which is expected to benefit from advancements in technology and market conditions.
The upgrade signals confidence in Old Dominion's growth potential, particularly as the trucking sector is poised for significant upside in the coming years. Investors may view this as a strong indicator of the company's resilience and ability to capitalize on market opportunities.
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Analyst Views on ODFL
Wall Street analysts forecast ODFL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ODFL is 162.18 USD with a low forecast of 114.00 USD and a high forecast of 196.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
7 Buy
8 Hold
3 Sell
Hold
Current: 202.140
Low
114.00
Averages
162.18
High
196.00
Current: 202.140
Low
114.00
Averages
162.18
High
196.00
About ODFL
Old Dominion Freight Line, Inc. is a less-than-truckload (LTL) motor carrier. The Company provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Its service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. It offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting. It operates approximately 261 service center locations, of which it owns 239 and leased 22. Its service centers are responsible for the pickup and delivery of freight within their local service area. Its systems allow it to offer its customers access to information, such as freight tracking, shipping documents, rate quotes, rate databases and account activity. Its integrated systems and customer service department provide its customers with a single point of contact to access information.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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