BofA analyst Ken Hoexter raised the firm’s price target on XPO, Inc to $137 from $132 and keeps a Buy rating on the shares after the company posted its mid-Q1 Less-than-Truckload update. Given its better than anticipated volumes and strong pricing momentum, the firm expects XPO to achieve a Q1 LTL operating ratio of 86.6% and sees potential for returns to ramp given the company’s cost and mix focus.
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