BofA lowered the firm’s price target on XPO, Inc (XPO) to $156 from $158 and keeps a Buy rating on the shares. Given muted demand through December, the firm slightly lowers its December tons/day target to down 5.4% year-year and lowers its Q4 and 2026 EPS estimates 1% and 5%, respectively. The firm’s larger reduction to 2026 is led by its base case view for a more muted demand backdrop in early 2026, the analyst tells investors.
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