Citi Reiterates Positive Industry Outlook for LTL Carriers, Buy Ratings on Arkansas Best and Old Dominion

Citi is reiterating its positive industry outlook for LTL carriers, with Buy ratings on Arkansas Best (NASDAQ: ABFS) and Old Dominion (NASDAQ: ODFL), as pricing couples with organic growth and market share gains to drive greater profitability.

Arkansas Best closed Friday at $24.50; Old Dominion closed at $37.92.