Citi downgraded XPO, Inc (XPO) to Neutral from Buy with a price target of $140, up from $137. The firm cites valuation for the downgrade following the stock’s recent rally. XPO’s current valuation limits the potential for near-term upside, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XPO:
- XPO, Inc price target raised to $150 from $123 at UBS
- XPO, Inc price target raised to $130 from $121 at JPMorgan
- XPO, Inc price target raised to $150 from $126 at Oppenheimer
- XPO, Inc price target raised to $150 from $139 at BofA
- XPO: Strategic Margin Gains and Revenue Growth Drive Buy Rating and Increased Price Objective