XPO, Inc price target raised to $150 from $119 at Wells Fargo

Wells Fargo raised the firm’s price target on XPO, Inc (XPO) to $150 from $119 and keeps an Overweight rating on the shares. Coming off its callback, the firm thinks the 2025-plus outlook is solidifying around strong leverage to an eventual industrial freight cycle. Volume is soft, but pricing is good and XPO is pulling cost levers to outperform peers on OR, Wells argues. The firm continues to see value.