XPO Logistics sell-off a buying opportunity, says Deutsche Bank Deutsche Bank views the recent pullback in shares of XPO Logistics as a buying opportunity. The firm attributes the sell-off to a combination of merger arbitragers and sector rotation into value. It views the pullback as overdone and keeps a Buy rating on XPO with a $38 price target.
News For XPO From The Last 14 Days
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XPO 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.