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Fly News Breaks for December 13, 2018
XPO
Dec 13, 2018 | 08:00 EDT
As reported yesterday, SunTrust analyst Stephanie Benjamin initiated XPO Logistics with a Buy rating and a $83 price target. The analyst cites the company's more than tripling of its adjusted EBITDA base in the past 3 years while "becoming one of the leading players in the fastest growing and largest segments of transportation and logistics." Benjamin anticipates XPO Logistics growing its adjusted EBITDA by another 50% from her current FY18 estimate with share gains "in the high-growth areas of reverse logistics, final mile, shared warehousing" markets and also reaching a "best in class operating ratio in the low 80% range."
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