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Fly News Breaks for November 5, 2018
XPO
Nov 5, 2018 | 07:40 EDT
Oppenheimer analyst Scott Schneeberger lowered his price target for XPO Logistics to $114 from $122 on contracting market multiples. The analyst notes that although Q3 was not XPO's cleanest quarter, its above-average growth story has a lengthy runway, which paired with the potential for sizable, accretive acquisitions on the horizon, paints an attractive risk/reward profile at this juncture. He reiterates an Outperform rating on the shares.
News For XPO From the Last 2 Days
