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Fly News Breaks for October 16, 2019
XPO
Oct 16, 2019 | 07:36 EDT
Oppenheimer analyst Scott Schneeberger raised his price target for XPO Logistics to $84 from $79 as he is confident the company can achieve at least the low end of its 2019 adjusted EBITDA guidance on recent/persisting new business wins, technology-driven efficiency initiatives, expense management, and an easing year over year lost customer comparison, despite a softer second half of 2019 macroeconomic backdrop. The analyst reiterates an Outperform rating on the shares.
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