Credit Suisse has decided to maintain its Outperform rating of XPO Logistics XPO and lower its price target from $67.00 to $60.00.
Shares of XPO Logistics are trading up 2.72% over the last 24 hours, at $46.48 per share.
A move to $60.00 would account for a 29.09% increase from the current share price.
About XPO Logistics
XPO Logistics is a diversified trucking and logistics company, built mostly via acquisition (until 2016). Following the third-quarter 2021 spinoff of its global contract logistics division (outsourced warehousing and supply-chain services), XPO's portfolio reflects its transportation operations--asset-based less-than-truckload shipping (33% of gross revenue), asset-light freight brokerage including intermodal and truck brokerage (29%), heavy goods last mile delivery (8%), and its European truckload and LTL operations (24%). The remainder of revenue stems from managed transportation and global forwarding services.
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