XPO, Inc price target raised to $172 from $162 at Goldman Sachs

Goldman Sachs analyst Jordan Alliger raised the firm’s price target on XPO, Inc (XPO) to $172 from $162 and keeps a Buy rating on the shares after its Q4 earnings beat. The company did a strong job in 2024 improving full year operating ratio by 260 bps despite being in the midst of a freight recession as its LTL 2.0 operating plan took further hold, and the firm remains positive on the name due to a combination of further idiosyncratic yield, service and productivity improvement potential, as well as leverage to eventual freight recovery, the analyst tells investors in a research note.