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Fly News Breaks for February 12, 2020
XPO
Feb 12, 2020 | 08:27 EDT
SunTrust analyst Stephanie Benjamin raised her price target on XPO Logistics to $107 and kept her Buy rating after its Q4 earnings beat and FY20 revenue guidance. The analyst notes that the company's "strong momentum" coming out of 2019 boosts her confidence in its accelerating EBITDA growth trend in 2020, with favorable expected comps and ongoing productivity savings supported by XPO Logistics' technology investments made last year.
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