- Truist analyst Stephanie Moore lowered the price target on XPO Logistics Inc XPO to $105 (implying an upside of 19%) from $185 and maintained a Buy rating on the shares.
- Moore adjusted her model after the completion of the company's spin-off of GXO Logistics Inc GXO.
- She adds that the assumed 12.4-times forward EBITDA multiple is in line with the broader peer average of 10- to 19-times and a discount to the current multiple of 14.5-times due to XPO's increased leverage profile.
- In August, many analyst firms have lowered their price target on XPO to reflect the spin-off of GXO and have maintained the ratings on the shares.
- Price Action: XPO shares are trading higher by 1.88% at $88.24 on the last check Friday.
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