Susquehanna upgrades XPO to Positive on better than feared results

Susquehanna analyst Bascome Majors upgraded XPO, Inc (XPO) to Positive from Neutral with a price target of $180, up from $155. XPO’s less than truckload yields, margins, and outlook for Europe were all better than feared despite no help from less than truckload volumes, the analyst tells investors in a research note. The firm now sees $6-plus in earnings per share power in 2026 for XPO. If that is right, Susquehanna’s downgrade last month to Neutral “was a mistake,” the analyst contends.