XPO, Inc upgraded to Outperform at Evercore ISI as turnaround takes hold

As previously reported, Evercore ISI upgraded XPO, Inc to Outperform from In Line with a price target of $79, up from $72. The company’s operational turnaround is unfolding “just as all networks begin to benefit from accelerating pricing,” the analyst tells investors. Upgrading stocks that are already up over 100% year to date “is not really our thing,” but XPO has a lot moving in its favor at the moment, says the firm, which is using new estimates coupled with a greater than 10% quarter-end pullback “to finally get off the sidelines.”