Raymond James analyst Patrick Tyler Brown lowered the firm’s price target on XPO Logistics to $44 from $46 and keeps an Outperform rating on the shares following the spin-off of their brokerage business, which was completed on November 1. The separation simplifies the story at XPO as it is now effectively a pure-play LTL, driving multiple expansion in time, and the firm sees a positive risk/reward, the analyst tells investors in a research note.
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Published first on TheFly
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- XPO Logistics price target lowered to $38 from $45 at Oppenheimer
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