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Fly News Breaks for August 4, 2016
XPO
Aug 4, 2016 | 06:51 EDT
Deutsche Bank analyst Robert Salmon views XPO Logistics' Q2 results as a "dream quarter for the bulls" with positive free cash flow and a bottom-line beat. The analyst says he would not be surprised to see the stock rally 20%-plus today. He sees "no reason" why the stock should not be trading at least inline with its year-to-date peak given the raised guidance and free cash generation. Salmon keeps a Buy rating on XPO with a $37 price target.
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