Old Dominion (ODFL) Climbs 9.89% as Morgan Stanley Hikes PT

Core Viewpoint - Old Dominion Freight Line Inc. (NASDAQ:ODFL) experienced a significant stock price increase of 9.89% to close at $208.54, following a price target upgrade from Morgan Stanley despite a disappointing earnings report for the previous year [1][2][8]. Financial Performance - For the full year, Old Dominion reported a net income decline of 13.7% to $1.02 billion from $1.186 billion in 2024, with net revenues decreasing by 5.5% to $5.5 billion from $5.8 billion year-on-year [3]. - In the fourth quarter, net income fell by 12.8% to $229.47 million from $263.14 million, while total revenues dipped by 5.7% to $1.3 billion from $1.38 billion, impacted by a 10.7% decline in less-than-truckload (LTL) tons per day [4]. Dividend Announcement - Despite the weak financial results, Old Dominion announced a 3.6% increase in its quarterly dividends to $0.29 per share, with the first payment scheduled for March 18 to shareholders as of March 4 [5].