Barclays raised the firm’s price target on XPO, Inc (XPO) to $135 from $125 and keeps an Overweight rating on the shares. Intra-quarter less than truckload disclosure indicated still-soft demand for the industry while pricing remains resilient, the analyst tells investors in a research note. The firm says XPO volume outperformance is becoming apparent as it estimates quarter-to-date tonnage is tracking in line with seasonality despite incremental softness for other carriers.
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