Fly News Breaks for February 12, 2020
Feb 12, 2020 | 09:03 EDT
Raymond James analyst Patrick Tyler Brown raised his price target for XPO Logistics to $108 from $105 and reiterated an Outperform rating. Brown tells investors in a research note that while he is cognizant of the perceived execution risk associated with XPO following a tumultuous 2018/2019, he continues to believe XPO's leverage to eCommerce, opportunity to grow LTL profit, cross-selling opportunities, robust sales outlook, and technology investments will each contribute to further EPS and free cash flow/share growth.
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