BMO Capital raised the firm’s price target on XPO, Inc to $87 from $85 and keeps an Outperform rating on the shares. The company presentation for institutional investors led by CEO Mario Harik leaves the firm with reinforced conviction in XPO’s both the immediate outlook and medium-to-long-term opportunity, the analyst tells investors in a research note. If the macro backdrop remains stable, the improved service levels, favorable supply/demand, and continued productivity improvement, position XPO to deliver a step change in operating ratio through 2024, the firm added.
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