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Fly News Breaks for February 14, 2017
XPO
Feb 14, 2017 | 06:06 EDT
Deutsche Bank analyst Amit Mehrotra says he's "increasingly convinced" that XPO Logistics' Q4 results on February 21 will be a positive catalyst for the shares. In a research note partially titled "Bears Beware!," the analyst writes that he sees a good potential for management to outline a clear path to doubling of free cash flow in 2017 to $350M, up from "at least" $175M in 2016. Mehrotra believes the quarter could "structurally impair the bear thesis." He feels XPO remains one of the most disliked across U.S. Transportation with over 10% of the shares short. The analyst thinks next week's results could be enough to propel shares towards his $60 price target in the "relatively near-term." Mehrotra keeps a Buy rating on the name.
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