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Fly News Breaks for April 9, 2015
XPO
Apr 9, 2015 | 09:22 EDT
Macquarie lowered XPO Logistics' Q1 EBITDA estimate to $24M from $38M to reflect seasonality and West Coast port impact. However, the firm expects XPO's Q1 weakness to be short lived and for management to discuss the full acquisition pipeline on the Q1 call and to maintains long-term forecasts. Macquarie would buy XPO Logistics on any incremental weakness and reiterates its Outperform rating and $48 price target.
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