Morgan Stanley lowered the firm’s price target on XPO, Inc (XPO) to $83 from $84 and keeps an Underweight rating on the shares. Shipper uncertainty on the cycle remains high and visibility remains low and Q3 conditions reflected this, making Q3 likely to be another “meh” quarter, the analyst tells investors in a preview for the freight transportation group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XPO:
- XPO, Inc price target raised to $162 from $150 at UBS
- XPO, Inc price target raised to $141 from $134 at Evercore ISI
- XPO’s Strategic Positioning and Operational Efficiency Justify Buy Rating with $141 Price Target
- XPO, Inc price target raised to $152 from $140 at Citi
- XPO’s Strong Growth Potential and Strategic Initiatives Reinforce Buy Rating