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Fly News Breaks for March 3, 2017
XPO
Mar 3, 2017 | 07:37 EDT
After meeting with XPO's CFO, Deutsche Bank analyst Amit Mehrotra says he's more confident in the company's outlook. The company is 95% confident that it can hit cash flow targets, according to the analyst, who thinks that its cash flow can beat expectations if macro economic trends strengthen. The analyst adds that the company can start repurchasing its shares in 1Q18, thereby raising its valuation levels. He continues to identify the stock as a top pick.
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