XPO price target raised to $165 from $150 at Benchmark

Benchmark raised the firm’s price target on XPO (XPO) to $165 from $150 and keeps a Buy rating on the shares. While the firm notes it recently reduced Q4 and FY26 estimates to reflect quarter-to-date volumes running below normal seasonality and prior assumptions, it views the near-term softness as “cyclical rather than structural” and XPO remains on Benchmark’s Best Ideas list.