Stifel raised the firm’s price target on XPO, Inc to $125 from $120 and keeps a Buy rating on the shares. Management continues executing against its strategic turnaround plan “to near perfection,” says the analyst, who adds that the company continued to demonstrate strong profitability improvement under its LTL 2.0 plan in Q2. The firm thinks XPO is “primed to take additional share when the cycle inevitably turns” and still sees “ample self-help margin runway,” the analyst added.
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