XPO, Inc price target lowered to $142 from $147 at Stifel

Stifel analyst J. Bruce Chan lowered the firm’s price target on XPO, Inc (XPO) to $142 from $147 and keeps a Buy rating on the shares. While noting that there is significant uncertainty heading into the Q1 prints for the Less-than-Truckload group, the firm adds that core pricing remains stable and competition rational, which it argues “positions the industry to weather rough seas better than other modes.”