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XPO, Inc price target raised to $162 from $140 at BMO Capital
The Fly

XPO, Inc price target raised to $162 from $140 at BMO Capital

BMO Capital raised the firm’s price target on XPO, Inc (XPO) to $162 from $140 and keeps an Outperform rating on the shares. The company looks positioned to realize high-70% operating ratio by FY28, which at 12.5-times enterprise value to expected EBITDA multiple would support share price of about $219, the analyst tells investors in a research note. XPO has a strong management team and a roadmap to improve service levels, pricing, and operating efficiency, which will support significant expansion in operating margins, the firm added.

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