XPO, Inc price target lowered to $170 from $175 at Wells Fargo

Wells Fargo analyst Christian Wetherbee lowered the firm’s price target on XPO, Inc (XPO) to $170 from $175 and keeps an Overweight rating on the shares. Wells says that into Q4 results/2025 outlooks, its call remains the same: lean into early cycle. The firm sees signs volume may broaden out to include better industrial freight. Near-term expectations continue to reset, but the direction of fundamentals is positive, Wells adds.