XPO, Inc price target lowered to $124 from $144 at Evercore ISI

Evercore ISI lowered the firm’s price target on XPO, Inc to $124 from $144 and keeps an Outperform rating on the shares. The firm says that unlike the last two to three quarters, it is “not as abundantly clear to us that XPO will beat expectations meaningfully” for Q2, noting that intra-quarter volume updates have been generally in line with forecasts. The firm still forecasts industry-leading EPS growth for XPO both this year and next, the analyst added.