XPO, Inc price target lowered to $135 from $170 at Jefferies

Jefferies analyst Stephanie Moore lowered the firm’s price target on XPO, Inc (XPO) to $135 from $170 and keeps a Buy rating on the shares. Macro uncertainties are impacting what has remained a soft industrial backdrop, says the analyst, who now expects less-than-truckload volumes to remain sub-seasonal through the next several months and lowered the firm’s Q2 and 2025 estimates among the LTL group 9% and 5%, respectively.