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Fly News Breaks for February 19, 2019
XPO
Feb 19, 2019 | 09:12 EDT
SunTrust analyst Stephanie Benjamin lowered her price target on XPO Logistics to $65 after its Q4 earnings miss and lowered guidance because the company's largest customer "meaningfully reduced its postal injection, truck brokerage, and intermodal business". The analyst also keeps her Buy rating on the stock trading at the "low end of its historical range" and offering strong top-line growth in its Contract Logistics business and a 9% free cash flow yield.
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