XPO Logistics price target raised to $48 from $43 at Stifel

Stifel raised the firm’s price target on XPO Logistics to $48 from $43 and keeps a Buy rating on the shares. Transport earnings have been "rocky so far," but not unexpectedly so, the analyst tells investors. Looking past what should be a difficult 9M23, opportunities for the group should be good in the medium and long term, Stifel says.