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Fly News Breaks for May 6, 2019
XPO
May 6, 2019 | 07:46 EDT
Oppenheimer analyst Scott Schneeberger raised his price target for XPO Logistics to $73 from $65 given a favorable view of its risk/reward profile and as he continues to view XPO as "undervalued," primarily on adverse sentiment following unfortunate issues/headlines impacting the second half of 2018 into 2019. The analyst appreciates XPO's aggressive share repurchase activity and remains optimistic it's pacing toward his maintained 2019 $1.65B adjusted EBITDA. Schneeberger reiterates an Outperform rating on the shares.
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