Deutsche Bank Downgrades Old Dominion Freight Line, Inc.

In a report released Monday, Deutsche Bank downgrades Old Dominion Freight Line, Inc.

from Buy to Hold, while increasing its price target from $67 to $68 a share. Deutsche Bank analyst believe Old Dominion's year to date performance has already priced in its strong industry performance. Analyst at Deutsche Bank clam growth opportunity is presented in the company's continuous market share gains. Deutsche Banks price target for Old Dominion is based on a 19x 2015 EPS estimate of $3.58.