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Fly News Breaks for August 6, 2019
Aug 6, 2019 | 07:12 EDT
SunTrust analyst Stephanie Benjamin raised her price target on XPO Logistics to $80 after its Q2 earnings beat, citing the 5.2% price increase in contract renewals and noting that the recent quarter marks "just the beginning" of pricing and margin improvement in LTL trucking. The analyst keeps her Buy rating on the stock, forecasting accelerating EBITDA growth in the back half of 2019 as the company benefits from ramping of contract wins in the ContractLogistics segment and new innovations in LTL that lower costs.
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