Old Dominion upgraded to Neutral from Sell at Citi
Citi analyst Ariel Rosa upgraded Old Dominion to Neutral from Sell with an unchanged price target of $228. Transports' Q2 earnings are likely to be among the strongest in years, as companies benefit from significantly tighter capacity conditions coupled with moderately improving demand, says the analyst, who cites the pullback in shares in recent weeks for the firm's revised rating.
Citi analyst Ariel Rosa upgraded Old Dominion to Neutral from Sell with an unchanged price target of $228.
Transports' Q2 earnings are likely to be among the strongest in years, as companies benefit from significantly tighter capacity conditions coupled with moderately improving demand, says the analyst, who cites the pullback in shares in recent weeks for the firm's revised rating.