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XPO

XPO Logistics

$90.01

11.32 (14.39%)

, HD

Home Depot

$188.13

0.05 (0.03%)

08:23
12/26/17
12/26
08:23
12/26/17
08:23

Citi ups XPO target to $110, sees takeover value closer to $120

Citi analyst Christian Wetherbee raised his price target for XPO Logistics (XPO) to $110 from $75 after Recode reported Friday that Home Depot (HD) has contemplated an acquisition of the company, partially as a defensive move to prevent Amazon (AMZN) from doing the same. In a research note titled "Buyer or Seller, There are Lots of Ways to Win," Wetherbee argues that XPO CEO Brad Jacobs is likely to be willing to maximize shareholder value either as a buyer or seller if the opportunity was right. Friday's article likely adds a takeout premium to XPO shares, at least near-term, the analyst adds. His new price target reflects this dynamic along with a "strong fundamental story." The analyst, however, believes a takeout bid would need to be higher, closer to $120 per share, due to the "significant potential value" XPO can create as a standalone company. Wetherbee keeps a Buy rating on XPO shares, which closed Friday up 14%, or $11.32, to $90.01.

XPO

XPO Logistics

$90.01

11.32 (14.39%)

HD

Home Depot

$188.13

0.05 (0.03%)

AMZN

Amazon.com

$1,168.36

-6.4 (-0.54%)

  • 20

    Feb

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XPO XPO Logistics
$90.01

11.32 (14.39%)

11/20/17
OPCO
11/20/17
NO CHANGE
Target $85
OPCO
Outperform
XPO Logistics price target raised to $85 from $77 at Oppenheimer
Oppenheimer analyst Scott Schneeberger raised his price target for XPO Logistics to $85 from $77 on its healthy organic growth outlook. The analyst reiterates an Outperform rating on the shares.
12/19/17
COWN
12/19/17
NO CHANGE
Target $85
COWN
Outperform
XPO Logistics remains a compelling investment opportunity, says Cowen
Cowen analyst Jason Seidl said XPO Logistics remains a compelling investment opportunity in light of strengthening industry fundamentals, one of the most reasonable valuations in the group, and a solid organic and acquisition-driven growth outlook. Seidl reiterated his Outperform rating and $85 price target on XPO Logistics shares.
12/22/17
OPCO
12/22/17
NO CHANGE
OPCO
Home Depot unlikely to buy XPO Logistics, says Oppenheimer
Oppenheimer analyst Brian Nagel said he is "hard-pressed" to see Home Depot (HD) purchasing a transportation and logistic providers as large XPO Logistics (XPO). The firm's XPO analyst, Scott Schneeberger, thinks Home Home Depot might be interested in XPO's Last Mile Logistics business which is about 6% of total 2017 revenues.
12/22/17
DBAB
12/22/17
NO CHANGE
DBAB
Strategic rationale for Home Depot buying XPO 'very clear,' says Deutsche Bank
Deutsche Bank analyst Amit Mehrotra noted that Recode reported that Home Depot (HD) has held internal talks about a potential acquisition bid for XPO Logistics (XPO), which is also said to be possibly being considered by Amazon (AMZN) as a takeover target. The news highlights the strategic and scarcity value of XPO's assets, said Mehrotra, who believes the company has "by far" the biggest heavy goods last mile business in the country. From a valuation standpoint, the analyst said his $110 price target is conservative and does not include any assumption of corporate tax reform, which would drive his target to $130. He maintains a Buy rating on XPO, whose stock is up 14% to $90 per share heading into the close.
HD Home Depot
$188.13

0.05 (0.03%)

12/11/17
ZELM
12/11/17
DOWNGRADE
ZELM
Hold
Home Depot downgraded to Hold from Buy at Zelman
12/18/17
BMOC
12/18/17
NO CHANGE
Target $191
BMOC
Outperform
Home Depot price target raised to $191 from $176 at BMO Capital
BMO Capital analyst Wayne Hood raised his price target on Home Depot to $191 after the company's investor day, saying the management can meet or exceed its 3-year target if comps continue to grow. The analyst notes that there is no evidence that would suggest a comps slowdown. Hood keeps his Outperform rating, citing the management's ability to invest in stores so as to "remove friction points and enhance the customer experience".
AMZN Amazon.com
$1,168.36

-6.4 (-0.54%)

12/19/17
JMPS
12/19/17
NO CHANGE
Target $1350
JMPS
Outperform
Amazon price target raised to $1,350 from $1,240 at JMP Securities
JMP Securities analyst Ronald Josey raised his price target on Amazon.com shares to $1,350 from $1,240 after his e-commerce survey work and price tracking made him incrementally more confident in Amazon's continued wallet share gains this holiday season. He maintains an Outperform rating on Amazon.
12/19/17
KEYB
12/19/17
UPGRADE
Target $21
KEYB
Overweight
Brandywine Realty upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Jordan Sadler upgraded Brandywine Realty (BDN) to Overweight from Sector Weight with a price target of $21. Sadler cites the company's execution in leasing, development discipline, and completion of its disposition program that positions the portfolio for same-store NOI growth that the management forecasts at 2%-5% through 2021. The analyst also notes a potential catalyst in Amazon (AMZN) choosing a location for its HQ2 - if Philadelphia, Austin, or North Virgina are selected, the company could benefit.
12/21/17
RBCM
12/21/17
NO CHANGE
Target $1200
RBCM
Outperform
Amazon revenue from Alexa could grow to $10-$11B by 2020, says RBC Capital
RBC Capital analyst Mark Mahaney said the firm's latest annual Alexa survey has left him more convinced of the potential long-term impact the voice-powered devices can have on Amazon. He expects Alexa's value proposition to increase in power as awareness and ownership rise and believes Amazon could see $10B-$11B in Alexa-related revenue by 2020. Mahaney maintains an Outperform rating and $1,200 price target on Amazon shares.

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LOW

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$89.86

2.49 (2.85%)

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$2.33

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$89.86

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$2.33

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$274.00

0.74 (0.27%)

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$0.00

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SPDR S&P 500 ETF Trust

$274.00

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BMRN

BioMarin

$84.77

-4.58 (-5.13%)

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KSS

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$64.91

-0.56 (-0.86%)

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PSTG

Pure Storage

$23.60

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DF

Dean Foods

$9.79

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FOX

21st Century Fox

$37.45

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$37.92

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FOX

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$37.45

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$37.92

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RLH

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BOSC

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$2.26

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KSS

Kohl's

$65.47

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DSX

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