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Fly News Breaks for May 3, 2018
XPO
May 3, 2018 | 06:37 EDT
Deutsche Bank analyst Amit Mehrotra views XPO Logistics' Q1 results as in-line and "largely uneventful," which he says is fine with him. Organic growth was a bit better than expected and new business wins were impressive, but free cash flow was worse than expected, Mehrotra tells investors in a post-earnings research note. He believes the net impact on the shares is neutral and keeps a Buy rating on XPO.
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