Deutsche Bank analyst Amit Mehrotra lowered his price target for XPO Logistics to $108 from $135 after the company update its EBIDA growth target, noting that it expects 2019 EBITDA to increase 12%-15% next year, down from its prior informal guidance of 15%-18%. While the moderation in EBITDA growth guidance is understandable in the context of trade and global growth concerns, the free cash guidance of $650M "was a head-scratcher," Mehrotra tells investors in a research note. He believes, however, that XPO's guidance is conservative, "giving way to potential for positive revisions over the course of 2019." The analyst keeps a Buy rating on the shares.