Susquehanna analyst Bascome Majors lowered the firm’s price target on XPO, Inc to $145 from $160 and keeps a Positive rating on the shares. The firm said they lowered their target price on a slightly slower than expected underlying volume backdrop, but they remain constructive on LTL names as they believe the valuation compression since mid-April more than compensates for nearer-term macro and competitive risks.
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