XPO, Inc price target raised to $86 from $80 at Stephens

Stephens analyst Jack Atkins raised the firm’s price target on XPO, Inc to $86 from $80 and keeps an Equal Weight rating on the shares. The company’s Q3 results were a clean beat and included a positive outlook with more modest expectations, the analyst tells investors. Stephens is especially encouraged by the company’s pricing commentary and suggests the LTL industry pricing fundamentals are accelerating. Operational execution and service performance will remain critical for the company to realize its pricing and margin opportunities, the firm adds.