XPO, Inc price target raised by $12 at Citi, here’s why

Citi raised the firm’s price target on XPO, Inc to $100 from $88 and keeps a Buy rating on the shares. The Yellow deal is likely to be 30c dilutive to earnings per share in 2024, but potentially accretive in 2025, the analyst tells investors in a research note. With solid efficiency benefits from the new terminals, the firm sees a path to better than average earnings growth for XPO, even with less than expected pricing growth. Citi believes XPO is still well positioned to outgrow its peers and sees the opportunity for further multiple expansion.