XPO Logistics price target raised to $70 from $55 at Barclays

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.