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Fly News Breaks for July 21, 2017
XPO
Jul 21, 2017 | 06:23 EDT
In a research note titled "Time to go Hunting," Citi analyst Christian Wetherbee says XPO Logistics' capital raise points to $3B-$4B of firepower for acquisitions. A deal in the next six months seems likely and would be a catalyst for the shares, the analyst writes. He reiterates a Buy rating on the shares with a $75 price target.
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