- JPMorgan analyst Brian Ossenbeck lowered XPO Logistics Inc XPO price target to $113 from $171 and maintained an Overweight rating on the shares following the spinoff of GXO Logistics Inc GXO.
- Ossenbeck sees potential upside if XPO management "continues right-sizing corporate overhead."
- Related Content: GXO Logistics, A Spinoff Of XPO Logistics, Begins Trading
- Meanwhile, Ossenbeck initiated coverage of GXO Logistics with an Overweight rating and a price target of $107.
- Price Action: XPO shares are trading higher by 0.98% at $84.23 on the last check Thursday.
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