Truist analyst Lucas Servera raised the firm’s price target on XPO (XPO) to $240 from $200 and keeps a Buy rating on the shares. The firm remains constructive on the stock following strong Q1 results that further reinforce the company’s structural margin improvement story, the analyst tells investors in a research note. XPO also delivered a 200 basis point operating ratio improvement despite still-soft industrial freight trends, Truist added.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XPO: