UBS analyst Thomas Wadewitz raised the firm’s price target on XPO Logistics to $83 from $71 and keeps a Buy rating on the shares. XPO’s Q2 adjusted EPS was better than expectations, and its North American LTL cost side performance was also better than the firm’s model driven by purchased transportation expense down 35% y/y, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on XPO:
- XPO Logistics price target raised to $86 from $81 at BofA
- XPO Logistics price target raised to $88 from $68 at Citi
- XPO Logistics price target raised to $76 from $70 at Barclays
- XPO Reports Second Quarter 2023 Results
- XPO Logistics reports Q2 adjusted EPS 71c, consensus 61c
Questions or Comments about the article? Write to editor@tipranks.com