XPO, Inc price target raised to $140 from $125 at Benchmark

Benchmark raised the firm’s price target on XPO, Inc to $140 from $125 and keeps a Buy rating on the shares. While noting that quarter-to-date LTL operating data are in line with the firm’s volume forecasts, so its revenue and EPS estimates are unchanged, the firm raised its target given the strong execution of the LTL 2.0 plan that it thinks should deliver “solid long-term operating performance.”