Loop Capital analyst Jeffrey Kauffman downgraded XPO Logistics to Hold from Buy with a price target of $74, up from $55. The analyst views the stock’s valuation and investor sentiment as elevated following the recent rally. Consensus earnings growth expectations are high over the next two years, which limits the potential for upward revisions, the analyst tells investors in a research note. The firm cites a “toppy valuation” for the downgrade of XPO.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on XPO:
- XPO Logistics price target raised to $65 from $45 at Morgan Stanley
- XPO Logistics price target raised to $78 from $58 at Wells Fargo
- XPO Logistics price target raised to $85 from $67 at BMO Capital
- XPO Logistics price target raised to $77 from $65 at Benchmark
- XPO Logistics price target raised to $82 from $52 at Oppenheimer
