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Fly News Breaks for April 10, 2017
XPO
Apr 10, 2017 | 07:43 EDT
Oppenheimer analyst Scott Schneeberger is constructive on XPO Logistics' multi-year profit improvement story and estimates "solid execution" in Q1. Further, the analyst anticipates high-teens adjusted EBITDA growth over 2017-2018 via internal initiatives alone. Schneeberger would be opportunistic should the market misinterpret the company's sizable Q1 cash outflow. He reiterates an Outperform rating and $58 price target on the shares.
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