Fly News Breaks for February 12, 2020
Feb 12, 2020 | 07:40 EDT
Oppenheimer analyst Scott Schneeberger raised his price target for XPO Logistics to $106 from $90 as Q4 continued the company's trend of growing adjusted EBITDA year over year at a greater rate each progressive quarter throughout 2019. The analyst notes that XPO also announced "ambitious" 2020 adjusted EBITDA guidance of 7%-10% growth year over year, which implies acceleration from 7% year over year in 2019, and appears achievable via recent and anticipated continued new business wins, pricing, technology efficiency advancements, and expense controls. Schneeberger continues to view XPO as undervalued versus peers, particularly relative to its company-specific profit growth opportunity of $700B-$1B by 2022, which appears to be "off to a strong start." He reiterates an Outperform rating on the shares.
News For XPO From the Last 2 Days