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XPO

XPO Logistics

$78.77

0.59 (0.75%)

08:21
01/10/20
01/10
08:21
01/10/20
08:21

Oppenheimer constructive on XPO Logistics in 2020 ahead of guidance

Oppenheimer analyst Scott Schneeberger reiterated his Outperform rating and $90 price target on XPO Logistics, stating that he anticipates the company will initiate 2020 adjusted EBITDA guidance that will encompass his estimate of $1.775B-$1.79B. While this view represents year-over-year growth acceleration, he also believes it may ultimately prove conservative should XPO effectively leverage new business wins, Schneeberger added.

XPO XPO Logistics
$78.77

0.59 (0.75%)

10/30/19
BOFA
10/30/19
DOWNGRADE
Target $87
BOFA
Neutral
XPO Logistics downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Ariel Rosa downgraded XPO Logistics to Neutral from Buy but raised her price target to $87 from $76. The analyst is boosting her target enterprise value to expected FY20 EBITDA multiple to 8.0-times from 7.5-times and notes that the stock has broadly outperformed S&P500 year-to-date, but believes that the downgrade is warranted on valuation as the new price target is less than 10% away from its current share price. Rosa adds that she is concerned the economic headwinds may negatively impact the company's volume and earnings growth.
10/30/19
FBCO
10/30/19
NO CHANGE
Target $90
FBCO
Outperform
XPO Logistics price target raised to $90 from $79 at Credit Suisse
Credit Suisse analyst Allison Landry raised her price target for XPO Logistics to $90 from $79 and maintained an Outperform rating, saying the company's tech initiatives helped support a Q3 beat, with better than forecast margins offsetting a weaker top line. While the company is not immune to cyclical pressures, its 10 revenue and cost initiatives that have the potential to generate $700M-$1B of incremental profit by 2022 are largely independent ofthe macro, with 6 of the levers being rooted in technology investments, Landry tells investors in a research note.
10/30/19
RHCO
10/30/19
NO CHANGE
Target $95
RHCO
Buy
XPO Logistics price target raised to $95 from $80 at SunTrust
SunTrust analyst Stephanie Benjamin raised her price target on XPO Logistics to $95 and kept her Buy rating after its Q3 earnings beat. The analyst notes that in spite of the softer macro environment, she expects the company to outperform its peer group thanks to its "technology-driven cost improvement initiatives, favorable comps, and new customer wins."
11/12/19
SBSH
11/12/19
NO CHANGE
SBSH
Buy
Citi sees 'compelling case' for XPO Logistics in 2020
After visiting management, Citi analyst Christian Wetherbee believes there is a "compelling case developing" for XPO Logistics in 2020, "assuming a relatively stable macro backdrop." In 2020, XPO laps two major customer losses, will implement multiple cost savings initiatives, and starts with a "meaningful valuation discount" versus peers, Wetherbee tells investors in a research note. As such, the analyst thinks XPO's EBITDA growth can accelerate in 2020. He believes the company's current valuation discount can narrow, "leading to solid upside," and reiterates a Buy rating on the shares with a new price target of $100.

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