XPO, Inc price target raised to $139 from $136 at Goldman Sachs

Goldman Sachs raised the firm’s price target on XPO, Inc to $139 from $136 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm is “encouraged” about XPO’s operating performance for both top line and operating expense, with an additional call for Q3 yields to be up mid to high-single digits despite tougher comps, the analyst tells investors in a research note. Goldman Sachs adds at XPO’s operating expense side “bore fruit”, particularly around purchased transportation costs, which came in about 17% below its forecast.