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XPO

XPO Logistics

$64.45

-0.31 (-0.48%)

12:01
10/19/17
10/19
12:01
10/19/17
12:01

XPO recent selloff 'rare' buying opportunity, says Deutsche Bank

Deutsche Bank analyst Amit Mehrotra believes the 7% selloff in shares of XPO Logistics since Friday present a "rare" buying opportunity. The analyst says there have been no fundamental developments that cause him to re-evaluate his bullish view on shares. Rather, Mehrotra notes that recent observations appear to support his previously discussed upside valuation scenario of $90-plus before the end of 2018. He attributes the recent selloff to "very short-term positioning" and keeps a Buy rating on XPO with a $75 price target.

  • 02

    Nov

XPO XPO Logistics
$64.45

-0.31 (-0.48%)

08/07/17
08/07/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. XPO Logistics (XPO) resumed with an Outperform at William Blair. 2. BlackBerry (BBRY) reinstated with a Sell at Goldman Sachs. 3. Brighthouse Financial (BHF) was initiated with a Sell at Citi, a Market Perform at Keefe Bruyette, FBR Capital, and Wells Fargo, a Sector Perform at RBC Capital, and a Neutral at Credit Suisse. 4. Zoetis (ZTS) reinstated with a Neutral at Goldman Sachs. 5. BeiGene (BGNE) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/17
MSCO
09/06/17
NO CHANGE
MSCO
Tesla launch could be biggest trucking catalyst in decades, says Morgan Stanley
Morgan Stanley analyst Ravi Shanker contends that Tesla's (TSLA) promised upcoming reveal of its autonomous, electric Class 8 semi-truck could be the biggest catalyst in the trucking sector in decades. While no exact date has been announced yet, Tesla CEO Elon Musk said the reveal will come in September and Shanker thinks the NACV show in Atlanta on September 25 "could be a catalyst for the reveal." Tesla will have to clearly address the issues of range, charging time and payload/weight to be able to sell a "deeply skeptical" industry, added Shanker, who sees Schneider National (SNDR), FedEx (FDX), XPO Logistics (XPO) and Ryder (R) as among the most likely carrier partner contenders for Tesla.
09/29/17
FBCO
09/29/17
NO CHANGE
Target $76
FBCO
Outperform
Credit Suisse more convinced of XPO Logistics upside after meetings
Following investor meetings with XPO's management, Credit Suisse analyst Allison Landry said she is more convinced of the stock's meaningful upside potential. XPO reiterated its preference for large deals in the $7B-$8B or more range and thematically seems focused on the complexity in e-commerce distribution and reverse logistics, adding that it has narrowed down its target list to about a dozen companies, said Landry, who raised her price target on the stock to $76 from $68.
10/09/17
LEHM
10/09/17
NO CHANGE
Target $75
LEHM
Overweight
XPO shares have longer term upside of over $85, says Barclays
Barclays analyst Brandon Oglenski says his math suggests longer term upside potential in XPO Logistics shares of over $85, assuming little improvement in valuation. Despite outperforming the S&P 500 Index by over 40% year-to-date, XPO remains a "relatively cheap option in an ever more expensive transport universe" at around eight times 2018 EBITDA expectations, Oglenski tells investors in a research note titled "Not Slowing Down." He believes that with current liquidity, XPO could acquire close to $1B in incremental EBITDA. The analyst keeps an Overweight rating on the shares with a $75 price target.

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