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Fly News Breaks for January 16, 2020
Jan 16, 2020 | 09:29 EDT
Loop Capital analyst Jeffrey Kauffman keeps his Hold rating and $80 price target on XPO Logistics in spite of its near-20% gains in the pre-market above $95 per share following its confirmation of a strategic review last night. The analyst notes that investors are considering the stock trading at higher multiples as the company considers selling or spinning off divisions, but he "struggles" to see upside from current levels without the "meaningful change" in XPO Logistics' EBITDA and given its higher debt levels.
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