XPO, Inc price target lowered to $165 from $170 at Raymond James

Raymond James lowered the firm’s price target on XPO, Inc (XPO) to $165 from $170 and keeps an Outperform rating on the shares. Raymond James continues to see idiosyncratic momentum in less than truckload pricing and an opportunity for XPO to substantively improve the OR in time through efficiencies in linehaul and improved pricing, the analyst tells investors in a research note. The firm sees a consistently improved service product as a result of its LTL 2.0 Plan.