XPO, Inc price target lowered to $144 from $147 at Evercore ISI

Evercore ISI lowered the firm’s price target on XPO, Inc to $144 from $147 and keeps an Outperform rating on the shares after reported adjusted Q1 EPS “easily exceeding” the firm’s forecast and the average Street estimate. The firm is raising its FY24 EPS estimate to $3.60 from $3.41 to reflect the Q1 upside as well as a slightly higher growth rate for the second half of 2024, though its 2025 forecast edges down to $4.72 from $4.78, mainly owing to a higher interest expense run rate.