Information Provided By:
Fly News Breaks for May 2, 2019
XPO
May 2, 2019 | 08:28 EDT
Barclays analyst Brandon Oglenski raised his price target for XPO Logistics to $70 from $65 and keeps an Overweight rating on the shares following the company's Q1 results. XPO's results were a bit softer than expected after accounting for asset sale gains, which is likely benefited the U.S. Less-Than-Truckload business, Oglenski tells investors in a research note. He thinks investors will initially be disappointed with results, especially considering the nearly 6% EBITDA boost from asset sales. However, the market should keep in mind the over 3% of headwind from currency and roughly 2% each from weather disruption and impairments, says the analyst. As such, overwhelming, Oglenski views the quarter as mostly inline.
News For XPO From the Last 2 Days
There are no results for your query XPO