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Fly News Breaks for January 14, 2019
XPO
Jan 14, 2019 | 08:12 EDT
As previously reported, KeyBanc analyst Todd Fowler downgraded XPO Logistics to Sector Weight from Overweight based on his view that the big and bulky final mile market is increasingly competitive, along with ongoing uncertainty around European end markets. While BBFM is only one element of the XPO story, it is often cited as a key differentiator, with competition from well-established, well-capitalized transport company's potentially slowing growth, and ongoing discord potentially impacting European growth, he adds.
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