Benchmark analyst Christopher Kuhn raised the firm’s price target on XPO Logistics to $65 from $53 and keeps a Buy rating on the shares. Q2 operating data showed a decline in LTL tons per workday, but shipment growth of 3% in April and 1.8% in May outpaced peers as a result of XPO’s improved service levels, the analyst tells investors in an earnings preview note.
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