XPO price target raised to $206 from $201 at JPMorgan

JPMorgan raised the firm’s price target on XPO (XPO) to $206 from $201 and keeps an Overweight rating on the shares. The firm adjusted targets in the transportation and logistics group as part of a Q1 preview. Surface transportation rates are unlikely to revisit the lows of last year, the analyst tells investors in a research note. JPMorgan sees “more stocks to own than avoid” into the earnings reports. However, it is too early to expect positive earnings revisions pending more durable freight demand, the firm adds.