Benchmark raised the firm’s price target on XPO, Inc to $125 from $90 and keeps a Buy rating on the shares. The firm is increasing its estimates after XPO’s “solid” Q4 results. The firm sees a “positive long-term outlook” as it continues to see higher pricing and operating ratio improvement as drivers of future earnings growth for XPO, as “was evidenced once again in the 4Q report,” the analyst tells investors.
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Read More on XPO:
- XPO Unveils Investor Briefing Slide Presentation
- XPO Reports Fourth Quarter 2023 Results
- XPO, Inc reports Q4 adjusted EPS 77c, consensus 62c
- Xpo, Inc. (XPO) Q4 Earnings Cheat Sheet
- XPO, Inc price target raised to $100 from $90 at Oppenheimer
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