XPO Logistics to recruit for over 4,000 jobs for logistics business » 07:2605/1305/13/21
XPO Logistics announced…
XPO Logistics announced new job openings for its logistics business. XPO is recruiting for more than 4,000 jobs across North America to meet growing demand. The company's logistics business has benefitted from growth in automation, outsourcing and e-commerce as the economy rebounds from COVID-19. Open positions include material handlers, inventory specialists and robotic maintenance technicians, among others. The openings include full-time and part-time positions with a variety of shift options. Applicants can search open positions by location and keyword on XPO's Careers site and apply online.
XPO Logistics wins U.K. contract with Pearson Education » 07:3005/1105/11/21
XPO Logistics was awarded…
XPO Logistics was awarded a contract by new customer Pearson Education to distribute courseware and assessment materials in the UK. British-based Pearson is a leading provider of educational materials, e-learning programs and assessment services for schools, corporations, students and clinicians in 70 countries. Pearson's published materials in the UK are distributed mainly to primary and secondary schools and clinicians. By relocating distribution from Belgium to the UK, Pearson has shortened times for deliveries to its customers. XPO uses its technology to manage all materials for a course of study as a single SKU, accommodate peaks in demand, and customize clinical testing kits.
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XPO Logistics price target raised to $161 from $136 at Deutsche Bank » 07:2905/0605/06/21
Deutsche Bank analyst…
Deutsche Bank analyst Amit Mehrotra raised the firm's price target on XPO Logistics to $161 from $136 and keeps a Buy rating on the shares. The analyst continues to believe XPO's shares will be closer to $200 than $100 over the course of 2021. Mehrotra thinks there is about $150M of further upside potential to its 2021 EBITDA guidance, which allows XPO to remain a "beat-and-raise" story as we progress through the year.
XPO Logistics price target raised to $164 from $159 at Credit Suisse » 08:3005/0505/05/21
Credit Suisse analyst…
Credit Suisse analyst Allison Landry raised the firm's price target on XPO Logistics to $164 from $159 and keeps an Outperform rating on the shares. The analyst notes XPO posted a "solid" Q1 beat, with the top line coming in about 11% ahead of her estimate, and adjusted EBITDA exceeding both her forecast and the consensus by 14%-15%. At the same time, the company raised full year EBITDA and free cash flow guidance by an average of 5% and 6%, respectively, Landry adds.
XPO Logistics price target raised to $155 from $135 at Stephens » 07:4105/0505/05/21
Stephens analyst Jack…
Stephens analyst Jack Atkins raised the firm's price target on XPO Logistics to $155 from $135 and keeps an Equal Weight rating on the shares after the company "not surprisingly" reported strong Q1 results and raised its full-year outlook. Looking forward, he believes investors will be focused on the additional disclosures around the business and how the balance sheets will be constructed as the planned Logistics tax-free spinoff moves towards completion later this year, Atkins said.
XPO Logistics price target raised to $170 from $150 at KeyBanc » 07:3505/0505/05/21
KeyBanc analyst Todd…
KeyBanc analyst Todd Fowler raised the firm's price target on XPO Logistics to $170 from $150 and keeps an Overweight rating on the shares to reflect current-quarter upside and a stronger revenue outlook across offerings. Overall, the analyst sees benefits from a cyclical recovery, particularly with respect to less-than-truckload, as well as secular trends in final mile and logistics. Further, he is "encouraged" with a strengthening logistics pipeline, which, along with cost and efficiency initiatives, bodes well for intermediate-term growth.
XPO Logistics tests battery electric truck from Daimler Trucks North America » 07:2605/0505/05/21
XPO Logistics (XPO) has…
XPO Logistics (XPO) has partnered with Daimler Trucks North America (DDAIF) to test Daimler's battery-electric commercial trucks under real-life operating conditions in California. The company said: "XPO drivers will use tractors from DTNA's Freightliner Electric Innovation and Customer Experience Fleet for a nine-month pilot program in the Oakland area. The data generated by the XPO pilot will help inform DTNA's final design of its battery-electric truck prior to full series production. XPO and DTNA have collaborated on transportation innovation for more than a decade."
XPO Logistics price target raised to $170 from $150 at Citi » 06:2905/0505/05/21
Citi analyst Christian…
Citi analyst Christian Wetherbee raised the firm's price target on XPO Logistics to $170 from $150 and reiterates a Buy rating on the shares. The analyst sees "a lot to like" about the Q1 results and the outlook for 2021. XPO has improved its contract logistics backlog materially with the specific addition of two large contracts, Wetherbee tells investors in a research note. The analyst sees the sum-of-the-parts value rising into in the $194-$220 per share range based on higher EBITDA expectations and peer group appreciation. Wetherbee believes the approaching spinoff is a "key positive catalyst for the stock."
XPO Logistics upgraded to Buy from Hold at Vertical Research » 05:2105/0505/05/21
Vertical Research analyst…
Vertical Research analyst Jeffrey Kauffman upgraded XPO Logistics to Buy from Hold with a $160 price target.
Fly Intel: Pre-market Movers » 09:0505/0405/04/21
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