Citi analyst Christian Wetherbee upgraded XPO Logistics (XPO) to Buy from Neutral with a $50 price target following the addition of two executives from Old Dominion (ODFL). The addition of Dave Bates as COO following the adding of former Old Dominion CFO Wes Frye to the board "greatly enhances the company’s operation credibility," the analyst tells investors.
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
See Insiders’ Hot Stocks on TipRanks >>
Read More on XPO: