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Fly News Breaks for January 4, 2017
XPO
Jan 4, 2017 | 07:24 EDT
Oppenheimer analyst Scott Schneeberger raised his price target for XPO Logistics to $50 from $42 on anticipated continued operational proficiency in a potentially improving business environment. With the company demonstrating "strong operational proficiency," expense streamlining, broad based financial improvement and an inflection to "solid" free cash flow generation in 2016, the analyst anticipates continued momentum in 2017. He reiterates an Outperform rating on the shares.
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