Fly News Breaks for February 12, 2020
Feb 12, 2020 | 07:03 EDT
Credit Suisse analyst Allison Landry raised her price target for XPO Logistics to $111 from $94 due to a lower discount rate and a higher EBIT growth rate. The analyst notes that while the company did not provide any substantive update on its strategic exploration, management did reiterate its rationale. Further, Landry points out that CEO Brad Jacobs is unconvinced that the market will be willing to assign it a much higher multiple for its consistent profit improvement. XPO "strongly" believes that it will be able to garner a substantially higher valuation by selling off its non-LTL business than where it currently trades, she adds. Landry has an Outperform rating on the shares.
News For XPO From the Last 2 Days