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Fly News Breaks for April 5, 2019
XPO
Apr 5, 2019 | 07:31 EDT
Oppenheimer analyst Scott Schneeberger maintains an Outperform rating on XPO Logistics and raised his price target to $65 from $62, saying he continues to like XPO long-term given the attractive risk/reward profile. The first quarter should be XPO's "nadir" as seasonal softness is likely compounded by recently referenced lost business from its largest customer, tough year over year weather domestically and incremental macro uncertainty in Europe, Schneeberger says.
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