BofA raised the firm’s price target on XPO, Inc (XPO) to $139 from $119 and keeps a Buy rating on the shares. After having hosted 98 companies and industry experts at BofA’s annual Industrial, Transportation, & Airlines Conference, the firm is increasing price targets on rails, less-than-truckload shippers, truckload shippers, and intermodal carriers an average of 9%, and making a 10% multiple increase on average, given the shift from a recession outlook to increased volume flow targets, at least until mid-Summer, the analyst tells investors.
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Read More on XPO:
- XPO, Inc price target cut to $15 from $16 at Raymond James
- XPO, Inc price target lowered to $145 from $165 at BMO Capital
- XPO, Inc price target lowered to $131 from $140 at Stephens
- XPO, Inc price target raised to $123 from $108 at UBS
- XPO’s Strong LTL 2.0 Strategy and Performance Drive Buy Rating Amidst Cautious Outlook
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