Credit Suisse analyst Allison Landry lowered her price target for XPO Logistics (XPO) to $70 from $92, while reiterating an Outperform rating on the shares. While the analyst acknowledges that she finds it more difficult to defend the stock, at the current price, she is not convinced that there is a significant amount of downside. And while the loss of about $600M of business from what she believes to be Amazon (AMZN) was a surprise, Landry does not think this changes the growth opportunity in Last Mile - indeed the bulk of the lost business is postal injection as opposed to core heavy goods residential delivery.