BMO Capital lowered the firm’s price target on XPO, Inc (XPO) to $145 from $165 and keeps an Outperform rating on the shares. The company reported “strong” Q1 results as revenue grew 5.2%, though weight/shipment volume declined 1.7% and length of haul was flat, which underscores solid core pricing and revenue quality gains, the analyst tells investors in a research note. BMO adds its reduce price target reflects its lower FY25 EPS view to $3.91 from $4.12 amid macro softness.
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