XPO Logistics price target raised to $77 from $51 at TD Cowen

TD Cowen raised the firm’s price target on XPO Logistics (XPO) to $77 from $51 and keeps an Outperform rating on the shares. The firm said Q2 came in above expectations and July trends show benefit of Yellow (YELL) shipments coming onto its network; the exit of Yellow should give XPO and other LTLs more pricing power.