2020-12-03 07:21:10 XPO XPO Logistics
12/03/20 12/0307:21 12/03/2007:21 | XPO Logistics price target raised to $140 from $125 at KeyBancKeyBanc analyst Todd Fowler raised the firm's price target on XPO Logistics to $140 from $125 and keeps an Overweight rating on the shares following Wednesday's announcement to spin logistics as a separate public company. While he had not advocated the sale or spin of segments with his mid-August upgrade, the announcement is consistent with the upside implied in his sum of the parts analysis, and his view multiple expansion has lagged peers in a cyclical recovery. |
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