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Fly News Breaks for June 12, 2017
SNDR, XPO
Jun 12, 2017 | 09:40 EDT
There is a case for preferring less than load over full truckload due to better cyclical exposures, e-commerce shifts and pricing trends, Citi analyst Christian Wetherbee told investors earlier in a research note. He views XPO Logistics (XPO) as best positioned to leverage these dynamics and makes the name his new top pick in Trucking. The analyst raised his price target for the shares to $75. He also upped his price target for Schneider National (SNDR) to $24.
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