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XPO, Inc price target raised to $158 from $151 at BofA

BofA raised the firm’s price target on XPO, Inc (XPO) to $158 from $151 and keeps a Buy rating on the shares after the company posted its mid-Q4 Less-than-Truckload update. With November tons/day down 5.4% year-over-year, the firm lowered its full Q4 tons/day target to down 4.8% from down 3.5%, the analyst noted. Despite lowering the firm’s Q4 and FY25 EPS estimates by 6% and 1%, respectively, the firm raised its price target on the shares, citing a raised multiple applied to its maintained FY26 EPS estimate of $4.50.

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