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Fly News Breaks for April 29, 2015
XPO
Apr 29, 2015 | 10:23 EDT
FBR Capital analyst John Mims says XPO Logistics's acquisition of Norbert Dentressangle is the "break-out" deal he wanted to see in 2015. Mims believes XPO could reset longer-term targets as high as $15B and $1B for revenues and EBITDA, respectively, following the deal. At such EBITDA levels, XPO could eventually be worth in the $8B-$10B range, or three times higher than current share levels, the analyst tells investors in a note to investors. Shares of XPO are up $3.08 to $45.53 in early trading.
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