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Fly News Breaks for February 15, 2017
XPO
Feb 15, 2017 | 07:32 EDT
Oppenheimer analyst Scott Schneeberger raised his price target for XPO Logistics to $56 from $50 on continued business momentum given its deriving above-industry growth primarily via company-specific profit improvement. Given XPO Logistics' 2016-2018 guidance and the potential for improving macroeconomic/business conditions relative to a sub-optimal 2016, the analyst is "incrementally confident" that the coming years possess "meaningful potential" to ultimately prove conservative. He reiterates an Outperform rating on the shares.
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