XPO, Inc price target lowered to $165 from $170 at Barclays

Barclays lowered the firm’s price target on XPO, Inc (XPO) to $165 from $170 and keeps an Overweight rating on the shares as part of a Q4 preview for the transportation group. The transport vertical “remains mostly in value territory,” but another round of generally lower Q4 earnings revisions “weighs on sentiment” as investors await some improvement in core industrial growth and trucking freight rates, the analyst tells investors in a research note. Barclays remains “patient” with regards to the sector.