Wells Fargo analyst Allison Poliniak-Cusic raised the firm’s price target on XPO Logistics to $78 from $58 and keeps an Equal Weight rating on the shares. The firm notes Q3’s EPS and adjusted EBITDA beat by 12c and $10M, respectively. Although positive, the focus is on the outlook amid a rapidly tightening less than truckload environment, Wells says. The mix headwind XPO faced in the first half of 2023 is likely to flip to a tailwind by the end of the year, it adds.
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