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XPO, Inc price target raised to $130 from $121 at JPMorgan

JPMorgan analyst Brian Ossenbeck raised the firm’s price target on XPO, Inc (XPO) to $130 from $121 and keeps an Overweight rating on the shares. The firm updated transportation and logistics estimates and price targets as part of a Q2 earnings preview. JPMorgan reduced estimates across the board, saying tariffs and trade policy uncertainty has persisted while spot truckload rates went down before bouncing back around the July 4 holiday.

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