Jefferies analyst David Kerstens initiated coverage of XPO Logistics with a Buy rating and $145 price target. XPO is among the fastest-growing logistic providers in the industry, with projected EBIT growth of 22%, versus peers at 12%, Kerstens tells investors in a research note. He believes the company has a differentiated e-commerce logistics platform, focusing on contract logistics, less than truckload and freight brokerage. And based on its acquisition track record, XPO's $8B "warchest" is estimated to add 56% to EBITDA and 32% to earnings, the analyst adds.