Wells Fargo analyst Christian Wetherbee maintained a Buy rating on XPO (XPO – Research Report) yesterday and set a price target of $170.00.
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Christian Wetherbee has given his Buy rating due to a combination of factors including XPO’s performance and market conditions. Despite a slight underperformance in February tonnage compared to investor expectations, the results were consistent with the firm’s outlook. The company’s tonnage trends showed improvement, with a smaller year-over-year decline in February compared to January, and shipments and weight per shipment also saw a decrease.
Wetherbee noted that XPO’s pricing remains strong, with expectations for price acceleration throughout 2025, which should help counterbalance the weaker volumes. Management’s confidence in exceeding typical seasonal performance and improving operational execution supports a positive outlook. The company’s differentiated margin story, bolstered by solid pricing and operational improvements, further justifies the Buy rating in a challenging market environment.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $150.00 price target.