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Stock Market & Financial Investment News

News Breaks
March 4, 2014
15:08 EDTXPOXPO Logistics downgraded to Neutral from Buy at Sidoti
Price target is $34.
News For XPO From The Last 14 Days
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October 1, 2014
10:00 EDTXPOOn The Fly: Analyst Initiation Summary
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08:10 EDTXPOTrucking, intermodal coverage resumed with a Market Weight at Wells Fargo
Wells Fargo expects truck load rates to rise, with momentum lasting through the next bid season. The firm says that brokers' gross margin pressure has subsided, and it has a positive outlook on them. Wells remains cautious on truckload carriers, however, due to wage pressures and difficulty growing fleets. It identifies JB Hun (JBHT), Landstar (LSTR), Ryder (R) and XPO Logistics (XPO) as its favorite names in the sector, and has Outperform ratings on all of those stocks.
08:04 EDTXPOXPO Logistics initiated with an Outperform at Wells Fargo
Target $45-$47.
September 24, 2014
07:47 EDTXPOXPO Logistics price target raised to $45 from $36 at Oppenheimer
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September 22, 2014
09:20 EDTXPOGIC Private reports 5.9% passive stake in XPO Logistics
08:33 EDTXPOXPO Logistics price target raised to $48 from $38 at FBR Capital
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September 19, 2014
07:56 EDTXPOXPO Logistics price target raised to $46 from $40 at Credit Suisse
Credit Suisse raised XPO estimates and increased its price target to $46 from $40 following the $700M capital raise. The firm said the capital injection signals a strong M&A pipeline and management is in active discussions with around a dozen potential targets. Shares are Outperform rated.

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