XPO, Inc price target raised to $100 from $90 at Oppenheimer

Oppenheimer raised the firm’s price target on XPO, Inc to $100 from $90 and keeps an Outperform rating on the shares. The analyst says XPO’s two-year strategic shift toward expanding its network capacity, improving customer service, enhancing pricing, reducing outsourced line-haul, and bolstering technology and improving operational efficiency has been gaining traction. XPO is deriving “formidable” pricing gains and yield growth, which are presently accelerating, while also gaining market share via improved service metric demonstration and benefiting from Yellow Corp.’s exit from the less than truckload industry, says the firm.