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Fly News Breaks for August 5, 2019
XPO
Aug 5, 2019 | 08:18 EDT
Jefferies analyst David Kerstens raised his price target for XPO Logistics to $98 from $92 saying the company's earnings momentum improved in Q2. Meanwhile, XPO's current valuation implies a 45% discount to logistics peers, and a 10% discount to U.S. trucking, Kerstens tells investors in a research note titled "Getting Back on Track with Earnings Momentum Improving." The analyst keeps a Buy rating on the shares.
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