Barclays analyst Brandon Oglenski raised the firm’s price target on XPO Logistics to $70 from $55 and keeps an Overweight rating on the shares. While Yellow’s uncertain future dominates the debate in trucking, less-than-truckload fundamentals are “proving resilient” amid the ongoing freight recession, the analyst tells investors in a research note. However, the truckload recovery has likely been “pushed out to the right,” adds the firm.
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- XPO Logistics completes expansion of Norcross, GA service center
- XPO Logistics price target raised to $67 from $60 at BMO Capital
- XPO Logistics price target raised to $58 from $46 at Wells Fargo
- XPO Logistics downgraded to Hold from Buy at Vertical Research
- XPO Logistics price target raised to $65 from $53 at Benchmark
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