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Fly News Breaks for February 7, 2017
XPO
Feb 7, 2017 | 07:28 EDT
Seaport Global analyst Kevin Sterling with a Buy and a $60 price target saying it will benefit from tighter capacity. Sterling believes the time is right to own this industry bellwether before the next round of consolidation heats up again. The analyst believes XPO's diversified model with multiple service offerings, which include leverage to the fast-growing world of e-commerce along with a self-help story of cost reduction and crossselling opportunities, give the company an opportunity for growth regardless of the market environment.
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