XPO, Inc price target raised to $170 from $150 at Barclays

Barclays analyst Eric Morgan raised the firm’s price target on XPO, Inc (XPO) to $170 from $150 and keeps an Overweight rating on the shares. The firm says sharply higher less than truckload multiples reflect market enthusiasm for prospects beyond the current downturn. Barclays’ refreshed upcycle analysis supports meaningful earnings growth potential through 2026, the analyst tells investors in a research note. An upcycle analysis suggests plenty of volume potential for the group, supported by share gains on top of demand recovery, contends the firm.