Benchmark Is Bullish On XPO Logistics, Sees 39% Upside

Benchmark analyst Christopher Kuhn initiated XPO Logistics Inc XPO with a Buy rating and a price target of $103, implying an upside of 39%.
Kuhn views the company as a more focused, pure-play transportation provider following the spinoff of GXO Logistics Inc GXO, noting that its core North American less-than-truckload business is the third-largest non-union carrier.
Given its " leading-edge digital platform," he sees an opportunity for yield increases and margin expansion at XPO, the analyst added.
Price Action: XPO shares are trading higher by 1.37% at $73.99 on the last check Wednesday.