Deutsche Bank analyst Amit Mehrotra placed a "Catalyst Call" buy on XPO Logistics as a short-term investment idea. While Friday's selloff is understandable, the shares should "rebound quickly as capital allocation pivots back to share buybacks starting mid-this-week," Mehrotra tells investors in a research note. The analyst says Friday's weakness "appears more reflective of fear than fundamentals." He expects XPO management to become "even more aggressive" with buybacks and sees "good opportunity" for the company to repurchase 14% of its shares over the next five months. At current valuation levels, the implied enterprise and equity value of XPO's non-LTL business is $4.2B, or less than five times attributable EBITDA, says Mehrotra. He keeps a Buy rating on XPO Logistics.