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Fly News Breaks for February 12, 2020
Feb 12, 2020 | 09:13 EDT
JPMorgan analyst Brian Ossenbeck raised his price target for XPO Logistics to $106 from $90 after updating his model to reflect the company's Q4 results and 2020 guidance. The analyst increased his estimates for 2020 and 2021 to account for a "more durable" sales pipeline than expected, which he believes should convert at increasingly higher rates as uncertainty fade throughout 2020 from trade tensions, Brexit and the coronavirus. Ossenbeck keeps an Overweight rating on XPO.
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