XPO Logistics price target raised to $76 from $70 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on XPO Logistics to $76 from $70 and keeps an Overweight rating on the shares post the Q2 report. The analyst says volume, price and service are all working in XPO’s favor as the company manages the fallout from Yellow’s recent market exit. XPO’s Q2 results came in ahead of expectations, but the conference call discussion was dominated by ongoing industry disruption stemming from Yellow’s recent exit from the market, the analyst tells investors in a research note.