Credit Suisse Maintains Outperform Rating for XPO Logistics: Here's What You Need To Know

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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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.