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Raymond James Reduces PT on Old Dominion Freight Line (ODFL) Stock to $160, Keeps Outperform

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is one of the Best Beaten Down Stocks to Buy According to Hedge Funds. On October 14, Raymond James reduced the price target on the company’s stock to $160 from $165, while keeping an “Outperform” rating. As per the firm, upcoming rate cuts might eventually fuel activity, mainly in the auto and housing sectors. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) released certain less-than-truckload (LTL) operating metrics for August 2025. Notably, revenue per day fell by 4.8% compared to August 2024 because of a 9.2% decrease in LTL tons per day, which was partially mitigated by an increase in LTL revenue per hundredweight.

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) believes that it is the best-positioned carrier to win profitable market share in the long term. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)’s consistent execution and investment in the network throughout the economic cycle place the company in a unique position to capitalize on an improvement in demand as and when it materializes.

ClearBridge Investments, an investment management company, released its Q3 2025 investor letter. Here is what the fund said:

“We initiated new positions in global insurance broker Marsh & McLennan, and Old Dominion Freight Line, Inc. (NASDAQ:ODFL), a less-than-truckload (LTL) shipping company. Old Dominion Freight Line is a best-in-class industrial company with a pristine balance sheet, strong profitability and fabulous returns. Earnings are currently burdened by a weak volume environment, providing an attractive entry point.”

While we acknowledge the potential of ODFL to grow, 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 AI stock that is more promising than ODFL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.

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