10 Best Debt-Free American Stocks to Invest In

8. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

On June 8, 2026, JPMorgan analyst Brian Ossenbeck raised the firm’s price target on Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to $234 from $197 and maintained a Neutral rating on the shares. Ossenbeck said JPMorgan updated its models to reflect continued demand momentum heading into the back half of the year.

On June 5, 2026, Wells Fargo raised the firm’s price target on Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to $235 from $205 and maintained an Equal Weight rating on the shares. Wells Fargo said multiple truckload supply catalysts, improving ISM, and less-than-truckload weight-per-shipment trends point to a likely material earnings inflection across the truck complex. The firm raised estimates and price targets while remaining constructive, though it said further upside may be more modest.

Meanwhile, BMO Capital analyst Fadi Chamoun raised the firm’s price target on Old Dominion Freight Line, Inc. (NASDAQ:ODFL) to $230 from $219 and maintained an Outperform rating on the shares as part of a broader trucking note. Chamoun said mid-quarter updates from LTL carriers showed sustained momentum in both demand and pricing through Q2, supported by Manufacturing PMI remaining in expansion territory and solid quarter-to-date rail merchandise carloads.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) operates as a less-than-truckload motor carrier in the United States and North America.