BUZZ-Citi downgrades Old Dominion to 'neutral', sees rising competition

Reuters

Feb 09

BUZZ-Citi downgrades Old <a href="https://laohu8.com/S/D">Dominion</a> to 'neutral', sees rising competition

** Citi cuts rating on less-than-truckload carrier Old Dominion Freight Line ODFL.O to "neutral" from "buy"

** Lifts PT to $216 from $196, implying a 6.7% upside to stock's last close

** Says intensifying less-than-truckload $(LTL)$ competition could undermine ODFL's premium pricing and market-share momentum

** Notes optimism in North American trucking market has jumped because of better macro signals and improving spot-rate trends; but trucking stocks seem overvalued with no improvement in earnings

** Citi also cuts rating on peers Knight-Swift Transportation KNX.N to "neutral" from "buy" and Werner Enterprises WERN.O to "sell" from "neutral"

** 9 of 26 brokerages rate ODFL "buy" or higher, 13 "hold" and four "sell" or lower; median PT is $195.50 - data compiled by LSEG

** In 2025, ODFL fell ~11.1%, KNX ~1.4% and WERN ~16.5%

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2610365618"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2610365618\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2610365618?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-09 22:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2610365618","market":"us","top_or_hot":-1,"title":"BUZZ-Citi downgrades Old Dominion to 'neutral', sees rising competition","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Citi downgrades Old <a href=\"https://laohu8.com/S/D\">Dominion</a> to 'neutral', sees rising competition</title></head><body><p>** Citi cuts rating on less-than-truckload carrier <a href=\"https://laohu8.com/S/ODFL\">Old Dominion Freight Line</a> <span>ODFL.O</span> to \"neutral\" from \"buy\"</p><p>** Lifts PT to $216 from $196, implying a 6.7% upside to stock's last close</p><p>** Says intensifying less-than-truckload <a href=\"https://laohu8.com/S/LTL\">$(LTL)$</a> competition could undermine ODFL's premium pricing and market-share momentum</p><p>     ** Notes optimism in <a href=\"https://laohu8.com/S/FNCSF\">North American</a> trucking market has jumped because of better macro signals and improving spot-rate trends; but trucking stocks seem overvalued with no improvement in earnings</p><p>** Citi also cuts rating on peers Knight-Swift Transportation <span>KNX.N</span> to \"neutral\" from \"buy\" and Werner Enterprises <span>WERN.O</span> to \"sell\" from \"neutral\"</p><p>** 9 of 26 brokerages rate ODFL \"buy\" or higher, 13 \"hold\" and four \"sell\" or lower; median PT is $195.50 - data compiled by LSEG</p><p>** In 2025, ODFL fell ~11.1%, KNX ~1.4% and WERN ~16.5%</p><p>(Reporting by Apratim Sarkar in Bengaluru)</p><p>((Apratim.Sarkar@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Citi downgrades Old Dominion to 'neutral', sees rising competition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Citi downgrades Old Dominion to 'neutral', sees rising competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-09 22:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Citi downgrades Old <a href=\"https://laohu8.com/S/D\">Dominion</a> to 'neutral', sees rising competition</title></head><body><p>** Citi cuts rating on less-than-truckload carrier <a href=\"https://laohu8.com/S/ODFL\">Old Dominion Freight Line</a> <span>ODFL.O</span> to \"neutral\" from \"buy\"</p><p>** Lifts PT to $216 from $196, implying a 6.7% upside to stock's last close</p><p>** Says intensifying less-than-truckload <a href=\"https://laohu8.com/S/LTL\">$(LTL)$</a> competition could undermine ODFL's premium pricing and market-share momentum</p><p>     ** Notes optimism in <a href=\"https://laohu8.com/S/FNCSF\">North American</a> trucking market has jumped because of better macro signals and improving spot-rate trends; but trucking stocks seem overvalued with no improvement in earnings</p><p>** Citi also cuts rating on peers Knight-Swift Transportation <span>KNX.N</span> to \"neutral\" from \"buy\" and Werner Enterprises <span>WERN.O</span> to \"sell\" from \"neutral\"</p><p>** 9 of 26 brokerages rate ODFL \"buy\" or higher, 13 \"hold\" and four \"sell\" or lower; median PT is $195.50 - data compiled by LSEG</p><p>** In 2025, ODFL fell ~11.1%, KNX ~1.4% and WERN ~16.5%</p><p>(Reporting by Apratim Sarkar in Bengaluru)</p><p>((Apratim.Sarkar@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0008368304.USD","symbol_name":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260209:nL4N3Z51CO:1","article_id":"2610365618","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610365618","pubTimestamp":1770646443,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Citi downgrades Old Dominion to 'neutral', sees rising competition** Citi cuts rating on less-than-truckload carrier Old Dominion Freight Line ODFL.O to \"neutral\" from \"buy\"** Lifts PT to $216 from $196, implying a 6.7% upside to stock's last close** Says intensifying less-than-truckload  competition could undermine ODFL's premium pricing and market-share momentum     ** Notes optimism in North American trucking market has jumped because of better macro signals and improving spot-rate trends; but trucking stocks seem overvalued with no improvement in earnings** Citi also cuts rating on peers Knight-Swift Transportation KNX.N to \"neutral\" from \"buy\" and Werner Enterprises WERN.O to \"sell\" from \"neutral\"** 9 of 26 brokerages rate ODFL \"buy\" or higher, 13 \"hold\" and four \"sell\" or lower; median PT is $195.50 - data compiled by LSEG** In 2025, ODFL fell ~11.1%, KNX ~1.4% and WERN ~16.5%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","BK4504":"桥水持仓","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4566":"资本集团","BK4232":"货物陆运","BK4588":"碎股","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","BK4022":"陆运","BK4585":"ETF&股票定投概念","WERN":"沃纳企业公司","KNX":"Knight Transportation Inc","ODFL":"Old Dominion Freight Line","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC"},"translate_title":"BUZZ-花旗将Old Dominion评级下调至“中性”，认为竞争加剧","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WERN":0.9,"ODFL":0.9,"KNX":0.9},"content_text":"BUZZ-Citi downgrades Old Dominion to 'neutral', sees rising competition** Citi cuts rating on less-than-truckload carrier Old Dominion Freight Line ODFL.O to \"neutral\" from \"buy\"** Lifts PT to $216 from $196, implying a 6.7% upside to stock's last close** Says intensifying less-than-truckload $(LTL)$ competition could undermine ODFL's premium pricing and market-share momentum     ** Notes optimism in North American trucking market has jumped because of better macro signals and improving spot-rate trends; but trucking stocks seem overvalued with no improvement in earnings** Citi also cuts rating on peers Knight-Swift Transportation KNX.N to \"neutral\" from \"buy\" and Werner Enterprises WERN.O to \"sell\" from \"neutral\"** 9 of 26 brokerages rate ODFL \"buy\" or higher, 13 \"hold\" and four \"sell\" or lower; median PT is $195.50 - data compiled by LSEG** In 2025, ODFL fell ~11.1%, KNX ~1.4% and WERN ~16.5%(Reporting by Apratim Sarkar in Bengaluru)((Apratim.Sarkar@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}