Wells Fargo analyst Allison Poliniak-Cusic raised the firm’s price target on XPO Logistics to $58 from $46 and keeps an Equal Weight rating on the shares. Volume challenges persist, leading to the view that there is likely more pain ahead as contract rates still need to normalize, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 downgraded to Hold from Buy at Vertical Research
- XPO Logistics price target raised to $65 from $53 at Benchmark
- XPO Schedules Second Quarter 2023 Earnings Conference Call for Friday, August 4, 2023
- 41 XPO Drivers to Compete in the National Truck Driving Championships, the “Super Bowl of Safety”
- XPO Logistics call volume above normal and directionally bullish