XPO Logistics downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Ravi Shanker downgraded XPO Logistics to Equal Weight from Overweight with a price target of $43, down from $55. The Q4 earnings report was "tougher than expected" and the stock could be in a "penalty box" for a while, the analyst tells investors in a research note. The firm believes the market is seeking more evidence on execution and traction toward XPO’s long-term targets.