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Fly News Breaks for September 30, 2015
XPO
Sep 30, 2015 | 08:21 EDT
Oppenheimer notes that XPO's stock has tumbled since May. The firm says the decline was exacerbated by the company's recent acquisition of Con-way which was viewed unfavorably by investors, according to Oppenheimer. The firm cut its price target on the name to $33 from $56, but it says the company's growth ,margins and multiple can all rise as it obtains synergies and efficiencies from the acquisition. The firm keeps an Outperform rating on the stock.
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