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Fly News Breaks for May 5, 2016
XPO
May 5, 2016 | 07:20 EDT
Deutsche Bank analyst Robert Salmon attributes yesterday's post-earnings selloff in shares of XPO Logistics to concerns about a weaker LTL operating environment and XPO's free cash flow outlook. The company's debt increased $100M last quarter, which concerned investors, Salmon tells investors in a research note. He keeps a Buy rating on XPO with a $37 price target, however, pointing out that XPO grew adjusted EBITDA to $249M in Q1.
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